Correction: The original version of this blog post contained an error. UC President Mark Yudof’s plan is requesting about $2.8 billion from the state.
[UPDATED 6:39 p.m.: As part of the University of California’s aim to preserve student access to its campuses, UC President Mark Yudof outlined today an expenditure plan to be proposed at next week’s regents meeting.
If passed, Yudof’s plan would request about $2.8 billion from the state as part of the university’s budget request for the upcoming academic year.
“The deep cutback in state support over the last few years translates into more than 24,000 California residents for whom no funding is currently provided by the state,” Yudof said in a telephone conference today.
The plan also includes $225 million in cost savings and alternative revenue sources, along with $310 million to preserve academic quality.
The money would be used to hire more faculty and lecturers, increase course offerings, reduce class size, produce competitiveness of graduate support, extend library hours along with other student services, and build maintenance, Yudof said.
He said although the regents have no plans to raise tuition during the year, a trigger cut of about $100 million from the state is very likely.
If the trigger cuts occur, the university will use reserves and reallocate its expenditures to get through this year, Yudof said.
He also added that although the university would still be short about $400 million from years past, tuition would not increase for the upcoming academic year if the university’s budget proposal were approved by the state.]
Compiled by Naheed Rajwani, Bruin contributor.