Mnookin directs UW-Madison leaders to cut spending amid federal, state uncertainty

UW-Madison Chancellor Jennifer Mnookin is directing schools and colleges to reduce their base budgets by 5% for fiscal year 2025-26, citing uncertainty at the federal and state levels. Mnookin wrote in a communication to faculty and staff yesterday that changes in how much the federal government will reimburse the university for administrative costs related to research could cost the campus $65 mi...