CAFR: UC budget fully funded with one-fifth of one percent of CA state “investments”

source. The UC system had a budget deficit for this ending school year of $0.65 billion. The policy response was to deny 2,300 students enrollment, lay-off over 2,000 faculty and staff, furlough teaching days and cut 10% salaries, and raise tuition by 32%. For less than one-fifth of one percent of the investment total of […]