State Treasurer Thinks the Budget Trigger Might Be Pulled, Costing UC Another $100 Million

Revenues seem to be falling short of the optimistic estimates contained in the recently passed state budget. As prior posts have noted, if revenue falls short of the estimate, that could result in a budget “trigger” being pulled, leading to more cuts from UC’s budget.

From today’s Capitol Alert:

Asked about the optimistic projections that state leaders relied upon, Treasurer Bill Lockyer said Wednesday that “I’m a little more skeptical personally, but I don’t have any special knowledge that would try to give you a solid answer.” He said it was less likely the state would fall so far behind that it would ask K-12 districts to cut the school year by seven days. But he said he could see a smaller “trigger” cut that would slash another $100 million out of each university system, raise community college fees and cut corrections and In-Home Supportive Services.

Full article at: http://blogs.sacbee.com/capitolalertlatest/2011/07/finance-officials-say-revenues.html

Let’s hope the budget trigger meets the fate of this Trigger: