H.D. Palmer, a Department of Finance spokesman, said all requests for additional funding would be reviewed but that Newsom is preparing a May revision that is essentially flat and “could go further than that” — meaning budget cuts. The state could face a deficit of as much as $35 billion in the near future, legislative analyst Gabriel Petek said Thursday. The impact on UC campuses could be particularly dire. Their unanticipated costs reached about $310 million in March — amounting to about 40% of $775 million monthly revenue in a system with an annual $9.3-billion core budget, according to Christopher Newfield, a UC Santa Barbara professor and systemwide budget expert. Without additional funding, students may face larger class sizes, reduced course offerings, more difficulty getting into needed classes and potentially higher tuition, said Michael Meranze, a UCLA historian who has long studied UC finances. A generation of scholars could be sidelined if UC lacks the funds to recruit them, jeopardizing the system’s renowned innovation and intellectual leadership, he said.

Read full article [here].
by Teresa Watanabe, The Los Angeles Times.

Posted: April 16th, 2020, by: admin. Categories: . Awaiting Comments.