University Braced for Deep Cuts To Budget
…The UC system faces a net cut of $232.4 million, assuming that the UC budget remains the same as proposed in May. Additionally, the university continues to have rising annual costs. "Because we are not receiving funding for student enrollment growth and inflation related costs, our campuses will have to reduce costs by $105 million," said UC spokesperson Ricardo Vazquez… In 1990, student fees contributed 13 percent of the university’s per-student expenditure while state funds and other sources covered the rest, according to Vazquez. In 2007-08, student fees accounted for 30 percent of the per-student expenditure, he said.
Read full article [here].
by Asaf Shalev, The Daily Californian.