Posted at: 04/23/2013 4:20 PM
MADISON, Wis. (AP) - Republican legislators are giving University of Wisconsin System officials a tongue-lashing over a report that shows the system has squirreled away a massive tuition surplus while raising students' prices for years.
The Legislative Fiscal Bureau released a report Friday that showed the system had a $648 million surplus as of the end of June, including $414. 1 million in tuition. The report showed the system also had huge tuition surpluses as of mid-2011 and mid-2009.
Republicans on the Legislature's employment relations committee told system President Kevin Reilly during a hearing Tuesday they're shocked and disappointed. Sen. Alberta Darling of River Hills accused Reilly and system officials of scheming to hide the surpluses from the public. Assembly Speaker Robin Vos of Burlington said the entire state is outraged at the system.
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