Gov. Arnold Schwarzenegger has until Oct. 11 to sign or veto SB 218. This is a bill introduced by State Senator Leland Yee, D-Calif., following questions raised about the business practices of foundations on California State University campuses from Fresno to San Francisco, Sonoma to Sacramento. "Taxpayers and students deserve to know how their public universities are run," Yee said… The CSU is very concerned about SB 218’s impact on fundraising especially at this time when state funding is at a historical low. In the current moment of state budget austerity, of course, a bad situation can easily worsen. "The big problem comes next year, when the federal stimulus funding is gone and leaves a big hole in CSU’s budget," said Steve Boilard, director of higher education with the non-partisan state Legislative Analyst’s Office.

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by Seth Sandronsky, New America Media.

Posted: October 7th, 2009, by: admin. Categories: . Awaiting Comments.