Current:Home > FinanceUW-Milwaukee chancellor will step down next year, return to teaching -SummitInvest
UW-Milwaukee chancellor will step down next year, return to teaching
View
Date:2025-04-18 00:45:59
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! (1)
Related
- Current, future North Carolina governor’s challenge of power
- Iowa's Supreme Court rules 6-week abortion ban can be enforced
- The Best Anti-Aging Creams for Reducing Fine Lines & Wrinkles, According to a Dermatologist
- Dick Vitale reveals his cancer has returned: 'I will win this battle'
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Red Rocks employees report seeing UFO in night sky above famed Colorado concert venue
- Russian satellite breaks up, sends nearly 200 pieces of space debris into orbit
- Is ice the right way to treat a sunburn? Here's what experts say.
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Number of homeless residents in Los Angeles County decreases in annual count
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Glee's Jenna Ushkowitz Is Pregnant, Expecting Baby No. 2 With Husband David Stanley
- Millie Bobby Brown and Jake Bongiovi Enjoy Italy Vacation With His Dad Jon Bon Jovi After Wedding
- Inside the Haunting Tera Smith Cold Case That Shadowed Sherri Papini's Kidnapping Hoax
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Bachelorette Becca Kufrin Reveals Why She and Thomas Jacobs Haven't Yet Had a Wedding
- Dick Vitale reveals his cancer has returned: 'I will win this battle'
- Number of homeless residents in Los Angeles County decreases in annual count
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Despair in the air: For many voters, the Biden-Trump debate means a tough choice just got tougher
Texas Opens More Coastal Waters for Carbon Dioxide Injection Wells
US Soccer denounces racist online abuse of players after USMNT loss to Panama
Former Danish minister for Greenland discusses Trump's push to acquire island
Lighting strike on wet ground sent 7 from Utah youth church group to hospital
Lululemon's Hot July 4th Finds Start at Just $9: The Styles I Predict Will Sell Out
Some cities facing homelessness crisis applaud Supreme Court decision, while others push back