UC budget crisis

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Peter Taylor, chief financial officer of UC, at Milken Conference

At the Milken State of the State conference of Oct. 13, Peter Taylor – chief financial officer of UC – was a panelist and spoke on the economic impact of UC on California, tuition, out-of-state students, privatization, and UC-Merced. This is the same event at which Gov. Brown spoke earlier in the day. See prior post. (Cellphone picture of event on the right.) Below is an audio of the Taylor excerpts. (Video with still picture.)

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From the UCOP-top-website-press-releases-as-of-today file

MERCED — Chancellor Dorothy Leland of the University of California, Merced, said today (Oct. 3) the 6-year-old campus has made significant contributions to the state through its innovative research and that more investment is needed for it to meet its promise to bring greater economic prosperity to the San Joaquin Valley, the fastest-growing region in the state… UC President Mark G. Yudof, along with some 300 community members, formally welcomed Leland to the university during a ceremony today in the Carol Tomlinson-Keasey Quad… With countries such as Saudi Arabia, China and India aggressively funding higher education infrastructure for research, Leland…

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The Money Tree at the Fresno Bee

You probably don’t follow the editorial page of the Fresno Bee religiously. With that in mind, yours truly reproduces an editorial that appeared on it last week – without comment. But before I do, you might be interested in the comment by state controller John Chiang regarding state revenues through the first quarter of the fiscal year and the possibility that the so-called budget “trigger” would be pulled – further cutting the UC budget: “For better or worse, the potential for revenue shortfalls is precisely why the Governor and Legislature included trigger cuts in this year’s State spending plan,” Chiang…

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Cal State-Westwood?

Gov. Pat Brown signs the Donahoe Act in 1960 implementing the Master Plan for Higher Education. The LA Times ran an editorial yesterday, lamenting rising tuition at UC and the lack of state support. It also threw out some suggestions. Among them: …The university also should consider a temporary policy that favors admission to students in the immediate geographical area for a certain percentage of new undergraduates. That way, more students could live at home and avoid the hefty cost of a dorm. UC campuses are not usually commuter schools, but troubled times call for a willingness to make sensible…

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UC Regents Meeting: Sept. 15, 2011

The Regents met Sept. 13-15, 2011. Yesterday, we posted audio for the first two days. This is Day 3. That day is significant for what did not happen, namely approval of President Yudof’s plan for a multi-year schedule of tuition increases in light of diminishing state budget support. The audio is divided into Parts 1 and 2. Part 2 contains the discussion in which the Regents fret about the budget situation but do not act. The agenda for Day 3: 8:30 am Committee of the Whole (public comment) http://www.universityofcalifornia.edu/regents/regmeet/sept11/cw15.pdf 8:50 am Committee on Compensation (open session) http://www.universityofcalifornia.edu/regents/regmeet/sept11/comp1.pdf 9:00 am Committee…

Bloat

Amid Budget Crisis, UC Debates Management Bloat Bay Area Citizen 10/5/11, Excerpt: Over the past decade, the number of managers and senior staff at the University of California grew at a much faster rate than that of faculty and students, leading some professors and legislators to question the university’s priorities as it looks to close a $2.5 billion budget gap. Last spring, the number of senior professionals and managers — including chancellors and vice presidents — reached 8,821, a 76 percent increase since 2001, according to university figures. By contrast, faculty, visiting professors and lecturers accounted for 15,740 positions, a…

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Fundraising problems for UC?

A news report suggests alumni reluctance. Excerpt below: As the University of California’s regents look for new sources of money to make up for state budget cuts, they are finding that university alumni are not as willing to donate as they may have hoped. In interviews, a dozen alumni who paid more modest sums for tuition several years ago say they are less apt to give if it means maintaining existing programs or staff salaries, rather than say, expanding university offerings. “What we have found is that a lot of the alumni think back to when they went to school…

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UC on the cheap

The Sacramento Bee ran an editorial entitled “State can’t afford UC on the cheap” dated 9/25/11. Excerpt below. Like the NY Times – see earlier blog post – the Bee seems not to have caught up with the fact that the Regents didn’t go along with the multi-year tuition increase schedule at their last meeting. Nonetheless.. The University of California “shall constitute a public trust,” states the California Constitution. That trust has eroded as state financial support has declined. The overriding question today is how much of a UC education should be considered a public benefit for which the state…

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How Inevitable is the Budget Trigger?

As shown above, there is bipartisan disapproval in the latest Field Poll of the budget cut trigger that was enacted as part of the 2011-12 California state budget. Of course, what the legislature enacts, it can amend or un-enact. Readers of this blog will know that the trigger includes more cuts for UC. Given voter sentiment, perhaps – if UCOP and the Regents – work on it, what happens if the trigger is pulled is not inevitable. There was much bemoaning by the Regents at their recently-concluded meeting about what to do and whether to accept a UCOP plan for…

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LAO’s Proposed Path for UC

In the Sacramento Bee’s article on the Regents meeting (see prior post), we find: …No one at the (Regents) meeting raised the possibility that UC might not need to increase spending as much as it has proposed. That view, however, could be found in the Capitol, where budget analysts said they were frustrated by the regents’ conversation. “UC is in effect saying that it plans to spend hundreds of millions of dollars more each year … at a time that inflation is at historic lows, when demographic growth in the college-age population is near zero and when most public agencies…