Accountants scratch their heads over budget

The Walker administration suggests that faculty be required to teach additional classes to offset reductions in faculty ranks. The University System Administration and Board of Regents are hoping that new tax collection numbers will help scale back the proposed $300 million cuts.

Talk of potential layoffs and financial “buyouts” have popped up on several campuses as alternatives to less state support.

There is no easy answer to the general-fund issue, as there may be to the red ink facing the state’s transportation fund. There the governor has proposed the state merely borrow $1.3 billion and pay off the bonds later. That makes some conservatives uneasy.

But for the next few weeks, it is crunch time for accountants and those doing their own taxes.

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