The UC Budget in the May Revise: Allusion Leads to Illusion
The Legislative Analyst has released a summary of its recommendations regarding UC and CSU reflecting the governor’s May Revise budget proposal. Below, in italics are excerpts related to pension funding for UC. As noted in prior blog posts, in January, the governor designated a sum of $90 million which he said could be used (or not) for UC pension funding. The problem with that approach is that UC has always been free to allocate what it gets from the state for the pension. By alluding to use for the pension, the governor triggered a recommendation from the Leg Analyst that…
