Sunday, May 31, 2009

Revision of UC Budget Reveals $322 Million Cut - Maxine Wally, New University UC Irvine

Governor Arnold Schwarzenegger further revised the University of California’s budget, proposing another cutback of $322 million on Wednesday, May 20. This cut, in conjunction with other proposed budget cuts, will cause the budget to be pushed back an astounding $531 million.
In a statement released that same day, UC President Mark Yudof described this cut as the “anti stimulus package,” referring to President Obama’s bailout plan and the funds from it that are anticipated to be distributed.