"We have a real crisis now," UC President Mark Yudof told the regents during a wide-ranging discussion of financial options for the nation’s premier public university, which expects its state funding to be cut by half a billion dollars even if the tax extensions are approved. "We cannot engage in wishful thinking." Yudof said he isn’t planning to ask for another increase in tuition, which went up 32 percent this year and will rise an additional 8 percent in the fall. That increase will bring annual tuition to $11,124. But if the tax extensions stall and UC’s budget shrinks by nearly $1 billion, "all bets are off," Yudof said.

Read full article [here].
by Nanette Asimov, The San Francisco Chronicle.

Posted: March 17th, 2011, by: admin. Categories: . Awaiting Comments.