A One-Sided Deal?
At their July meeting, the Regents are likely to endorse the governor’s tax initiative in exchange for certain promises from “senior” people in the governor’s office. Specifically, a four-year compact with UC is on offer assuming that the initiative passes in November.Below the relevant parts of the deal are described, taken from a document on the Regents’ agenda. Note that a) the compact is unenforceable and we had a bad experience with a supposed compact with the previous governor and b) the legislature is seemingly not involved even though the legislature is where budgets are enacted.Although the deal encompasses a…