UC President Warns of More Budget Cuts Next Year
Thursday, August 20, 2009
California University of California President Mark Yudof says more budget cuts are ahead for the 10-campus system when federal stimulus money runs out next year.
In a speech Thursday to the Sacramento Press Club, Yudof warned there will be about $600 million less to run one of the country's largest university systems.
Yudof says the drop in funding is likely to result in reductions "similar in magnitude" to the cuts instituted by the UC Board of Regents earlier this year.
State lawmakers in July slashed nearly $3 billion from California's 110 community colleges, the 23-campus California State University and the 10-campus UC System.
In response, the UC system raised student fees by 9 percent, while making about $300 million in cuts.