Under the plan, undergraduate students from families with household income of less than $150,000 would have their tuition and fees cut by two-thirds, bringing the cost below what it was nearly a decade ago… The speaker’s office estimates the program would cost the state about $1 billion per year, which would be raised by eliminating a corporate tax break that was approved in 2009 as part of budget negotiations between Democrats and Republicans… But Senate Republicans, who have not been briefed on the speaker’s measure, said they could not foresee approving any change, as the tax was a concession to them in negotiations.

Read full article [here].
by Wyatt Buchanan, The San Francisco Chronicle.

Posted: February 8th, 2012, by: admin. Categories: . Awaiting Comments.