Just weeks after the University of California and academic workers heralded historic wage gains in new labor contracts, the question of how to pay for them is roiling campuses, which are scrambling to identify money, considering cutbacks in graduate student admissions and fearing deficits… The UC Office of the President estimates that the increased costs for salary, benefits and tuition across all 10 campuses will be between $500 million and $570 million over the life of the contracts… Options are limited, with no new state influx of money in the coming academic year dedicated to covering the raises when they kick in — and the state is facing a projected $22.5-billion budget deficit. Fixed federal contracts that pay for 60% of the academic workers can’t be abruptly renegotiated. Many campuses have raised questions as to why UC negotiated the contracts without identifying a clear funding source.

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by Teresa Watanabe, The Los Angeles Times.

Posted: January 27th, 2023, by: admin. Categories: . Awaiting Comments.