July 19, 2012
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.
October 7, 2011
“California and Bust,” in the November issue of Vanity Fair, takes a sobering look at the U.S., state and local economies, with a harsh spotlight on California. Here’s what it says about funding for higher education:
The same fiscal year that the state spent $6 billion on prisons, it had invested just $4.7 billion in its higher education — that is, 33 campuses with 670,000 students. Over the past 30 years the state’s share of the budget for the University of California has fallen from 30 percent to 11 percent, and it is about to fall a lot more. In 1980 a Cal student paid $776 a year in tuition; in 2011 he pays $13,218. Everywhere you turn, the long-term future of the state is being sacrificed.
July 14, 2011
UC Regents reluctantly approved a plan to close a $1 billion budget shortfall through a 9.6 percent tuition increase — on top of an existing 8 percent hike for fall 2011 — cost-cutting measures and operational efficiencies. Read the complete story…
July 5, 2011
With cost-cutting and revenue-generating measures in place to fill the bulk of a billion-dollar budget gap resulting from steep cuts in state funding, the University of California staff is preparing to recommend to the Board of Regents that roughly one-quarter of the shortfall be offset with tuition and fee increases, UC Vice President Patrick Lenz said today (July 1). Read the complete statement…
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