Current:Home > InvestUW-Milwaukee chancellor will step down next year, return to teaching -Excel Money Vision
UW-Milwaukee chancellor will step down next year, return to teaching
View
Date:2025-04-15 15:00:44
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! (446)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- The White House is cracking down on overdraft fees
- Trump issues order to ban transgender troops from serving openly in the military
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- This was the average Social Security benefit in 2004, and here's what it is now
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- South Korean president's party divided over defiant martial law speech
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
All That You Wanted to Know About She’s All That
The company planning a successor to Concorde makes its first supersonic test
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
Average rate on 30
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo