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UW athletic department projects budget deficit of $14 million for 2016 fiscal year

It's the second year in a row UW has reported a budget deficit.

The rising costs for investing in student-athletes coupled with declining attendance at Husky Stadium has lead to a projected deficit of $14 million for the University of Washington athletic department in the 2015-16 fiscal-year budget.

The 2016 deficit will be covered by the athletic department’s reserve fund, which includes more than $30 million, according to sources with knowledge of UW’s finances.

It’s the second year in a row — and eighth time in the past 25 years — UW is reporting a projected deficit in athletics.