The university has historically done a terrible job of making those accounts more transparent and publicly comprehensible, but university documents and executives who were interviewed last week left little doubt the "profits" were contractually obligated and the reserves committed to other high priority needs. The real target here should be a legislature that’s reduced the state’s share of university funding for more than 20 years and an electorate that still believes it can have high quality public goods on the cheap… It’s hardly news these days that every major California program is being slashed, and that many are likely to get slashed again. Indeed, in the cycle of recessionary budget-cutting, no program is more vulnerable than higher education, which lacks the constitutional protections of K-12 education, the political clout of the prison guards and the cushion of federal matching funds covering many health programs.

Read full article [here].
by Peter Schrag, The California Progress Report.

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