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 This material may not be published, broadcast, rewritten, or redistributed.)

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