UC Regents Ask State Legislature For Over $400 Million Next Fiscal Year

SAN FRANCISCO (KCBS)— The University of California Board of Regents is asking the state legislature for an additional $411 million in funds for the next fiscal year.

After years of tuition hikes and cuts, UC now receives more money from students than it does from state lawmakers.

KCBS’ Bob Melrose Reports:

Vice President of Finance Peter Lynn said despite cuts and an economy that is slow to recover, there was always hope that they could get the extra money they’re asking for.

“The governor coming in, in January recognized it was a $26 billion problem. By the time we got to the main revise, there mysteriously appeared $6 billion that had not been accounted for,” he said.

Tuition hikes are on the table, but UC President Mark Yudoff said they’re the last thing he wants to consider.

(Copyright 2011 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Comments

One Comment

  1. Tom says:

    $400 million? That should be good for the pay increases for the top dogs in the UC system.

  2. Don Honda says:

    And yet the Regents backed AB 131, giving Illegal Aliens $40 Million of Legal Students’ State aid and further impacting education budget with no ROI (return on investment). This will only become larger every year. Say goodbye to YOUR higher education. Middle Class Students are seeing their aid reduced or nullified, Tuition costs increased, and have to resort to lifetime Loan Debt. Sorry if the truth hurts.😦

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