Patrick Lenz

A committee of the UC Board of Regents approved the university’s almost $27 billion budget for the 2015-16 academic year during its meeting at UCSF Wednesday. The budget, which includes a $459 million increase in proposed revenue and expenditures, incorporates additional funds from the state government and a proposed fee increase. The plan proposes the university spend about one quarter of those funds on mandatory cost increases, with the rest invested in academic quality, enrollment growth and high-priority costs such as deferred maintenance.

The University of California released a plan Thursday to increase tuition over the next five years, a policy that comes in the wake of state disinvestment and one that clashes with Gov. Jerry Brown’s vision of higher education funding.

The UC Office of the President announced Tuesday that Patrick Lenz, the vice president of budget and capital resources, will retire from the University of California on Dec. 31, 2014.

The UC Board of Regents analyzed California’s 2014-15 budget Wednesday, raising concerns among students, regents and others about the university’s financial outlook, which could have major implications for student tuition and fees.

The state’s nonpartisan legislative analyst’s office proposed an alternative approach to state funding for public higher education in California Wednesday when it recommended the legislature pursue a major revamp of its higher education spending strategy.

The UC Board of Regents will discuss Gov. Jerry Brown's proposed budget for 2014-2015 and how it stacks up with UC needs during their first meeting of the New Year this week.

The University of California is one step closer to a finalized budget for 2014-2015, following Gov. Jerry Brown’s release of his preliminary state budget, which grants the university nearly $3 billion in state funds, an increase of $142.2 million over last year.

Democrats in the state assembly announced plans Wednesday to expand funding for the UC, despite Gov. Jerry Brown’s warning that that the university should not expect additional state help.

The UC Regents moved forward Tuesday with plans to repair the university-owned Blake House, an abandoned mansion that has traditionally housed the UC President and served as a space for UC functions in the Bay Area.

Governor Brown signed a state budget bill Thursday that aims to improve the quality and cost effectiveness of higher education in California by reinvesting funds in the state’s public universities.