Californians need to know that the state kicks in just $3.2 billion of UC’s annual budget of $19 billion. The rest comes from parents, students, foundations and private backers. We think that in the future, given the state’s evidently long-term financial problems, even more of the UC budget is going to come from non-taxpayer sources. We know that, in order to compete with the Scrippses and the Caltechs, the best university managers money can hire need to be sought out. Probably private fundraising efforts, such as are underway separately on almost every UC campus already, should pay for those salaries. But we somehow can’t imagine a legislative putsch as being just the thing the University of California needs right now.

Read full article [here].
by The Editors, The San Gabriel Valley Tribune.

Posted: May 30th, 2009, by: admin. Categories: . Awaiting Comments.