| |

Good News and Bad News

Byuclafaculty
The Legislative Analyst’s Office (LAO) has issued a report on the state budget outlook. The good news is above.  Adding in the effects of Prop 30 (and 39), in the out-years the state begins to run surpluses as shown by the rising positive bars on the right side of the chart above.  Lots of uncertainty, of course, about what might happen to the underlying economy.  It is likely that the governor will be making statements, given the report, about the need for caution.
And there is bad news also seen on the chart above on the left side or the table below.  There is a deficit projected – absent some policy changes – for 2013-14.  So in the short term – the time frame for which the governor has been promising a “balanced” budget – there is not likely to be a shower of money on UC.  Listen to the audio on our prior post or read the summary there to get a sense of the governor’s attitude.
(The reserve shown on the top chart has a fixed extra margin added to it compared to the “fund balance” above.)
The report itself is at:
http://www.lao.ca.gov/reports/2012/bud/fiscal-outlook/fiscal-outlook-2012.pdf

Similar Posts

  • Faculty call for pause on budget & network security changes at UCLA

    Byhigbie

    Over 250 UCLA faculty, including a large number of department chairs and center directors, have written Chancellor Block with a detailed critique of plans for administrative centralization. The letter follows earlier exchanges between department chairs and Executive Vice Chancellor/Provost Emily Carter and other top administrators. “Although we appreciated the fora that EVC/P Carter recently organized in response to an earlier letter requesting more time to evaluate the re-organization plans she is proposing, we continue to feel that there has been insufficient time or detail to evaluate their consequences and that we have not been adequately involved in the consultation process,”…

  • |

    Report: Affordable Public Higher Education is Possible Today

    Byuclafaculty

    A report this week from Reclaim California Higher Education (a coalition of faculty and student groups) makes the case that affordable (even free) higher education is within reach for California. The privatization experiment has failed. The harm to a generation of hard-working, high-aiming young people is proven. It’s time to return to what works: the proven Master Plan for higher education in California. California, with its own resources, can afford to restore top-quality, accessible, affordable college and university opportunity to every qualified student. In fact, Californians can afford nothing less. You can read a summary and download the entire report…

  • | |

    Jerry Brown Suggests Master Plan is Dated

    Byuclafaculty

    Our previous post covered the Jan. 22 meeting of the Regents’ Committee on Educational Policy.  As noted, there was discussion of the 1960 Master Plan for Higher Education, considered a major accomplishment of Brown’s father when he was governor. Below is a link to Brown’s comments in which he suggested the Plan was now dated.  [youtube http://www.youtube.com/watch?v=3RmjI4gVync?feature=player_detailpage]

  • | | | | | | | | |

    Tradition!

    Byuclafaculty

    The Legislative Analyst’s Office (LAO) has issued a report on UC and CSU funding.  LAO is usually viewed as a neutral agency.  But it is a component of the legislature.  So it tends to favor approaches that add to legislative control as opposed to, say, gubernatorial control.  This report is no exception. LAO seems to want to return to what it terms the “traditional” approach to funding, but with bells and whistles added to monitor legislative goals.  The traditional approach seems to be one focused on undergraduate enrollment.  But in fact the tradition – such as it is – has…

  • |

    7 Wasn’t So Lucky

    Byuclafaculty

    The cash statement from the California state controller for the first seven months of fiscal year 2013-14 is out.  Revenues are up about 1% from last year at this time.  That gain is not very good.  However, it may be largely due to an aberration last fiscal year when there was a surge of personal income tax revenue in January 2013.  The surge seemed to have something to do with antics back then in Washington over fiscal cliffs, etc., which might have resulted in some tax changes (but didn’t).  The current DC crisis de jour is the debt ceiling, but…