Current:Home > NewsUW-Milwaukee chancellor will step down next year, return to teaching -FutureFinance
UW-Milwaukee chancellor will step down next year, return to teaching
View
Date:2025-04-13 23:27:34
MADISON, Wis. (AP) — University of Wisconsin-Milwaukee Chancellor Mark Mone announced Wednesday that he plans to step down next year and transition to a teaching role as the UW system continues to struggle financially.
Mone said in a post on the social platform X that he will resign as leader of the Universities of Wisconsin’s second-largest campus effective July 1, 2025. He said he will move into a teaching role at the university’s business school.
He didn’t elaborate on why he has chosen to step down.
Asked for an explanation, UW-Milwaukee spokesperson Angelica Duria said in an email to The Associated Press that, “It was a deeply personal decision for Chancellor Mone and for him, it is the right time.”
Mone has served as chancellor at UW-Milwaukee since 2014. His decision to resign comes as the Universities of Wisconsin system is grappling with declining enrollment and relatively flat state aid.
Shrinking enrollment has forced UW officials to close or announce plans to close six two-year branch campuses around the state since 2023. Among those schools is UW-Milwaukee’s Waukesha campus, which is set to close after the spring 2025 semester.
Ten of the UW system’s 13 four-year universities faced deficits last year, with UW-Milwaukee facing the largest shortfall at $18.8 million.
The school announced plans this past January to sell the chancellor’s residence to help close a projected $18.8 million deficit. The residence remains on the market for $1.2 million, according to a Powers Realty Group listing. The school also has eliminated nearly 90 positions.
Financial data UW system officials presented to regents earlier this month show six universities face deficits over the coming academic year. UW-Milwaukee is expected to finish in the black.
Democratic Gov. Tony Evers has said he plans to ask the Legislature for $800 million for the system in his next budget, but if Republicans maintain control of both the Assembly and Senate in this fall’s elections it’s almost certain they won’t hand the system that much money.
Mone praised his administration in his statement for withstanding a global pandemic as well as managing budget cuts and enrollment “challenges.”
“Thanks to the steadfast work of my predecessors, administrators and our dedicated faculty, staff and students, we have achieved far more than what the dwindling state support could enable,” he said. “We should all feel gratified about what we have accomplished together and with our community support.”
Universities of Wisconsin President Jay Rothman said in a statement that Mone “consistently elevated” UW-Milwaukee.
“We owe Mark a debt of gratitude for his service and look forward to his future of ongoing service at UWM,” Rothman said.
veryGood! (457)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Get free iced coffee from Whataburger in honor of the summer solstice: Here's what to know
- Federal appellate panel sends Michigan pipeline challenge to state court
- Kevin Costner teases Whoopi Goldberg about commercial break during 'The View' interview
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- How hunters are helping researchers track the spread of tick-borne diseases
- Vintage airplane crashes in central Georgia, sending 3 to hospital
- Bridgerton's Nicola Coughlan Sets Hearts Aflutter in Viral SKIMS Dress
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Former GOP Rep. George Nethercutt, who defeated House Speaker Tom Foley in 1994, dies at 79
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- The Washington Post’s leaders are taking heat for journalism in Britain that wouldn’t fly in the US
- If you can’t stay indoors during this U.S. heat wave, here are a few ideas
- Apple kills off its buy now, pay later service service barely a year after launch
- Senate begins final push to expand Social Security benefits for millions of people
- That cool Tony Awards moment when Jay-Z joined Alicia Keys? Turns out it wasn’t live
- Wells Fargo employees fired after fake-work claim turns up keyboard sim, Bloomberg reports
- Justin Timberlake Released From Custody After DWI Arrest
Recommendation
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
80 countries at Swiss conference agree Ukraine's territorial integrity must be basis of any peace
Messi's fear 'it's all ending' makes him enjoy this Copa América with Argentina even more
Here's a look at Ralph Lauren's opening, closing ceremony team uniforms for USA
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Ian McKellen Hospitalized After Falling Off Stage During London Performance
Mbappé suffers facial injury in France’s 1-0 win against Austria at Euro 2024
Remains of missing 8-month old found hidden in Kentucky home; parents arrested