Reading between the lines: Legislature's fiscal advisers endorse privatizing UC
LAO effectively wants the regents to come up with the one third owed by the state to the UC pension plan from "non-state funding." That is code for raising tuition because there is no other source that can or will cover the cost. I am sure LAO would deny saying it endorses privatization of UC. But since the regents can’t come up with non-state money to cover the state’s third without even more tuition increases than already enacted or proposed, the LAO’s message is clear: raise tuition substantially to cover accrued pension liabilities. Don’t expect anything from the state.
Read full article [here].
by Daniel J.B. Mitchell, UCLA Today.