Under the governor’s proposed changes, the UC and California State University systems would face a total of $1.1 billion in funding cuts. The UC system would lose $510 million in the current 2008-09 fiscal year and $255 million in 2009-10 – a total of $765 million in cuts. The shortfall would be eased slightly with $640 million in federal stimulus money, but the university will still be left with a net reduction of $125 million from the current budget. Schwarzenegger warned that the university will face an additional $50 million cut in state funding and a $31 million cut from academic-preparation programs in 2009-10 if Propositions 1A-1F – which would supply the state with $5.9 billion in general-revenue funds – fail to pass in California’s special election on Tuesday.

Read full article [here].
by Joyce Yeh, The Guardian.

Posted: May 18th, 2009, by: admin. Categories: . Awaiting Comments.