Claim: UW-Madison "spent down reserves" as it was told to do two years ago and, facing new state budget cuts, has "no more reserves to spend down."
Fact-check: With Scott Walker's $300 million budget cut looming, UW-Madison says it doesn't have reserves to tap
Verdict: half-true
Organisation: PolitiFact
Author: Tom Kertscher
Date published: 2015-02-20T00:00:00