MADISON, Wis. (AP) – The governor’s latest budget proposal would allow for the sale of state property to help pay down the state’s debt, but a University of Wisconsin System official says UW lands aren’t likely at risk.
David Miller of the UW System’s Capital Planning and Budget department said Thursday there’s essentially no land to sell.
He told the UW System’s board of regents that officials had actually considered selling property in the past to raise money in response to $20 million in budget cuts. He said only two properties were found, that would have brought in a mere $2.4 million.
He said other UW properties off campuses are generally restricted, such that any sale revenue would go to the original donor or a charitable fund, not the state.