Current:Home > StocksUW-Milwaukee chancellor will step down next year, return to teaching -PureWealth Academy
UW-Milwaukee chancellor will step down next year, return to teaching
Benjamin Ashford View
Date:2025-04-08 09:01:41
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! (78)
Related
- IOC's decision to separate speed climbing from other disciplines paying off
- North Korea’s Kim says he’ll launch 3 more spy satellites and build more nuclear weapons in 2024
- Kirk Cousins leads 'Skol' chant before Minnesota Vikings' game vs. Green Bay Packers
- John Pilger, Australia-born journalist and filmmaker known for covering Cambodia, dies at 84
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Ravens claim No. 1 seed in AFC playoffs with another dominant display against Dolphins
- Zac Brown, Kelly Yazdi to divorce after marrying earlier this year: 'Wish each other the best'
- Judge allows new court in Mississippi’s majority-Black capital, rejecting NAACP request to stop it
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- PGA Tour updates players on negotiations with investors, Saudi Arabia's Public Investment Fund as deadline extends into 2024
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- At the stroke of midnight, the New Year gives a clean slate for long-elusive resolutions
- Michigan giving 'big middle finger' to its critics with College Football Playoff run
- Ravens claim No. 1 seed in AFC playoffs with another dominant display against Dolphins
- Video shows dog chewing cellphone battery pack, igniting fire in Oklahoma home
- German officials detain 3 more suspects in connection with a Cologne Cathedral attack threat
- The Detroit Pistons, amid a 28-game losing streak, try to avoid NBA history
- Gymnast Shilese Jones Reveals How Her Late Father Sylvester Is Inspiring Her Road to the Olympics
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
20 Secrets About The Devil Wears Prada You'll Find as Groundbreaking as Florals For Spring
Influential former Texas US Rep. Eddie Bernice Johnson dies at 88
Barack Obama's favorite songs of 2023 include Beyoncé, Shakira, Zach Bryan: See the list
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
PGA Tour updates players on negotiations with investors, Saudi Arabia's Public Investment Fund as deadline extends into 2024
Are banks, post offices, UPS and FedEx open on New Year's Eve and New Year's Day?
When is the 2024 Super Bowl? What fans should know about date, time, halftime performer