Gavin Newsom’s budget proposal ditches promise to fund 5 years of growth for UC and Cal State

Each system would receive a modest bump of 2.05% in 2025-26 — a far cry from the 10% the governor projected in his January budget proposal. That 10% itself was a compromise. Each system was supposed to see a 5% bump in 2024-25 and the same in 2025-26. But in January, Newsom called for no bump in year one and to double-up in year two as a way to manage the state deficit. That 10% for the two systems would have meant $1 billion combined in 2025-26, according to the Legislative Analyst’s Office. A mere 2% increase would total roughly $200 million.

Read full article [here].
by Mikhail Zinshteyn, CalMatters.

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