Budget approved by UC Regents Wednesday unrealistic, governor says

At its meeting Wednesday, the UC Board of Regents approved the UC’s 2013-2014 budget —  despite objections from Gov. Jerry Brown and Lt. Gov. Gavin Newsom that the plan is unrealistic. The plan calls for state funding to the University of California to increase by more than $267 million next Read More…

New UC tax generates concern about financial impact on student fees

A shift in the way the UC Office of the President gathers funds from each campus has caused some concern about the impact on student fees and the financial state of individual campuses. In previous academic years, revenue generated from individual campuses had been collected and then redistributed across the Read More…

California State Treasury sells $860 million worth of UC bonds

The California State Treasurer’s Office sold $860 million worth of University of California 100-year bonds, which will be used to fund capital projects at the university, to 70 large investors Tuesday. The money raised from the sale of the bonds — which mature over the course of a century and Read More…

UC Board of Regents discusses university audits

The UC Board of Regents’ Committee on Compliance and Audit met Monday to discuss annual audit reports and ethics and compliance activities. The meeting, held via teleconference, was purely discussion-based and mostly consisted of committee members attempting to clarify parts of audit reports by posing questions to the committee. Among those Read More…

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As November election approaches, student advocacy increases

As state funding continues to be an unreliable source for the university, increasing tuition has often become the go-to solution for a board struggling to maintain the university’s academic potential while balancing its checkbooks — despite opposition by individual members of the board, some UC administrators and many students. With Read More…