Current:Home > MarketsUW-Milwaukee chancellor will step down next year, return to teaching -CoinMarket
UW-Milwaukee chancellor will step down next year, return to teaching
View
Date:2025-04-18 18:27:20
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! (9744)
Related
- Global Warming Set the Stage for Los Angeles Fires
- UAW to show list of economic demands to automakers this week, will seek worker pay if plants close
- Uber is soaring. Could it become a trillion-dollar stock?
- Palestinian opens fire in West Bank settlement, wounding 6 people before being killed
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Striking writers, studios to meet this week to discuss restarting negotiations
- Man charged in Treat Williams' motorcycle death for 'grossly negligent operation'
- Michigan Supreme Court suspends judge accused of covering up her son’s abuse of her grandsons
- A South Texas lawmaker’s 15
- Republican National Committee boosts polling and fundraising thresholds to qualify for 2nd debate
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- New Jersey Lt. Gov. Sheila Oliver dies; Gov. Phil Murphy planning return to U.S.
- North Carolina hit-and-run that injured 6 migrant workers was accidental, police say
- How Hotel Collection Candles Can Bring the Five-Star Experience to You
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Former Iowa kicker charged in gambling sting allegedly won a bet on the 2021 Iowa-Iowa St game
- Prosecutor involved in Jan. 6 cases says indictment has been returned as Trump braces for charges
- 'Horrific' early morning attack by 4 large dogs leaves man in his 70s dead in road
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Fatal stabbing of dancer at Brooklyn gas station being investigated as possible hate crime, police say
What are the latest federal charges against Donald Trump
Environmentalists sue to stop Utah potash mine that produces sought-after crop fertilizer
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Kylie Jenner and Timothée Chalamet Are Still Dating Despite Reports
Kate Spade 24-Hour Flash Deal: Get This $400 Triple Compartment Shoulder Bag for $89
Appeals court reinstates lawsuit by Honduran woman who says ICE agent repeatedly raped her