BREAKING NEWS - Massive University of Wisconsin Slush Fund Discovered - Right Wisconsin - Conservative politics and perspective powered by Charlie Sykes:
"UPDATE: From a Legislative Fiscal Bureau memo confirming the existence of the massive UW Slush Fund:
The UW System had a tuition balance of $414.1 million as of June 30, 2012.
By comparison, the UW System's tuition balance was $212.8 million as of June 30, 2009.
During this time period, base resident undergraduate tuition increased by 5.5% annually.
It should be noted that the UW System's tuition balance increased significantly at the same time that the UW System has been subject to significant GPR funding reductions and lapses.
While the University of Wisconsin has been raising tuition and clamoring for more taxpayer support they have been stockpiling hundreds of millions of dollars in unspent tuition and federal grant monies.
Sources in Madison familiar with the discovery tell RightWisconsin that the total of non earmarked funds in the massive UW Slush Fund is at least $450 million."
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