UC has managed to retain its academic luster and the admiration of the world despite recession-era cutbacks and significantly less lavish budgets than private universities enjoy. It attracts research dollars and brilliant minds to the state — as well as businesses and, sometimes, even entire industries. Despite what a state audit implied last year, UC President Janet Napolitano is not hanging on to tens of millions of dollars in surplus money. What’s more, in inflation-adjusted dollars, the state’s per-student funding for UC has dropped to well under half of what it was in 1990.
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by The Times Editorial Board, The Los Angeles Times.