- Associated Press - Tuesday, October 4, 2016

MADISON, Wis. (AP) - A new report shows the University of Wisconsin System’s balances have shrunk.

The system released reports ahead of this week’s regents meeting that show total balances stood at $888.3 million on June 30, the end of the 2015-2016 state fiscal year.

That’s down from $924 million at the end of the previous year. The report says nearly 86 percent of the balances are obligated for a specific purpose. The system’s reserves stood at $36.7 million.

The system finished with $295.6 million left over in tuition. That’s down from $337 million.

Republican Gov. Scott Walker froze UW System in-state tuition in the 2013-15 state budget after word broke that the system finished fiscal year 2011-12 with $650 million in balances while raising tuition year after year.

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