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July 2, 2013

Governor signs 2013-14 budget

California Gov. Jerry Brown enacted a spending plan today (June 27) that increases the University of California’s state appropriation by 5 percent in the coming fiscal year and sets the stage for modest growth in financial support over the subsequent three years.

The state will increase UC’s base funding by $142 million for the fiscal year that begins July 1, a boost that will allow undergraduate tuition to remain at current levels through 2013–14, said Patrick Lenz, UC’s vice president for budget and capital resources.

Lawmakers also approved a multi-year funding plan that grows UC’s base budget by 5 percent in the 2014–15 fiscal year, and by 4 percent in each of the two years after that.

Read the complete article at UC Newsroom.

January 11, 2013

UC to get modest boost from state budget

California Gov. Jerry Brown today (Jan. 10) proposed a state spending plan for the coming fiscal year that would provide a modest boost to the University of California’s operating budget for 2013-14.

The state legislature still must agree to the spending plan, usually a lengthy negotiation process that continues through spring. If enacted, the plan would restore $256.5 million of the $900 million cut from the university’s state funding over the past five years. The California State University system would receive a similar budget increase.

Read the complete article, plus systemwide statement on the proposed budget, at UC Newsroom.

November 30, 2012

About Proposition 30

Voters in November passed Proposition 30, an initiative that will raise new state revenue through temporary increases in the state sales tax and the personal income tax on those who earn $250,000 or more per year. It was sponsored by Gov. Jerry Brown and is part of the 2012-13 budget approved by state lawmakers.

The University of California Board of Regents endorsed Prop. 30. If the initiative had failed, UC was scheduled to receive a budget reduction of $250 million this year and lose an additional $125 million next year.

Read more on the initiative, its projected effect on funding for public higher education, and arguments pro and con.

November 30, 2012

Regents examine deficit strategies

The University of California Board of Regents, in a daylong retreat on Sept. 12, looked at dozens of proposals for addressing the university’s growing budget deficit, from academic strategies to changes in employee health and welfare benefits.

The retreat, called by board chair Sherry Lansing, was intended to give regents a deeper understanding of the hard choices they may be called on to make in November after voters decide the fate of Proposition 30.

Read the complete article at UC Newsroom.

November 30, 2012

Following Prop. 30 passage, regents approve 2013–14 budget

Gov. Jerry Brown told the University of California Board of Regents Wednesday (Nov. 14) that he hoped to secure more funding for the university but that UC must look for more creative solutions to its budget challenges, given the number of demands on the state.

His comments came as regents discussed, then approved, a spending plan for fiscal 2013-14 that, if enacted by state lawmakers, would provide for modest enrollment growth of California students. It would also, for the first time in many years, put UC on a path toward hiring more faculty, reducing the faculty-student ratio and re-investing in other quality indicators.

Read the complete article at UC Newsroom.

July 19, 2012

Regents endorse state budget amid fiscal uncertainty

Following a somber discussion of the University of California’s fiscal outlook, the UC Board of Regents Wednesday (July 18) took action to help the university stave off a possible $375 million in budget cuts.

Read the complete article here.

Fact sheet: Proposition 30

July 10, 2012

Addressing budget shortfalls

Although UC has taken many systemwide actions to address the current budget crisis (tuition increases, one-year furlough for many employees, administrative efficiencies and restructuring debt, among others), UC campuses have been left with significant budget shortfalls. In fact, while the majority of the actions taken to address cuts in the prior two years have emanated from central solutions, the reverse is now true for the shortfalls campuses are addressing in 2011-12. The attached document details actions taken throughout the UC system to address these shortfalls. This report is scheduled to be presented to the UC Regents at their July 18 meeting.

uc_budget_shortfall_actions

 

May 21, 2012

Regents call on lawmakers to re-invest in higher education

The University of California Board of Regents, meeting in Sacramento May 16 for the first time since 1993, discussed the university’s budget and their legislative advocacy efforts aimed at making public higher education a state funding priority.

Regents, students and other UC supporters have spent much of the week meeting with state lawmakers and asking them to support a multi-year funding plan that would provide UC with modest but predictable increases in funding, including sufficient revenue to avoid a tuition increase in the fall.

Read the rest of Carolyn McMillan’s story in UC Newsroom.

May 21, 2012

Higher ed chiefs join forces for state budget advocacy

University of California President Mark G. Yudof teamed up with the leaders of California’s public colleges and universities May 1 to deliver a strong message to state lawmakers: Energize the state’s economy by reinvesting in higher education.

Read the rest of Donna Hemmila’s story at UC Newsroom.

April 26, 2012

Big benefits for students, taxpayers and state from funding of higher education

From UC Berkeley’s News Center:

In a study released today (Tuesday, April 24), three UC Berkeley researchers conclude that graduates of the University of California and California State University systems provide ongoing returns to the state that average $12 billion a year. That’s well above California’s current general fund expenditures for the UC, CSU and community-college systems combined, they note.

The authors of “California’s Economic Payoff: Investing in College Access and Completion,” include Henry Brady, dean of the Goldman School of Public Policy and Class of 1941 Monroe Deutsch Professor of Political Science and Public Policy; Michael Hout, a professor of sociology; and Jon Stiles, executive director of the California Census Research Data Center. The report was conducted for The Campaign for College Opportunity.

Read the complete article here.



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