Campus unveils revenue-driven budget that cuts $15M - Good University

The campus has unveiled its response to an imposing financial crisis with its 2017-18 budget, highlighted by more than $15 million in cuts to academic, research and administrative expenses. UC Berkeley administration touted a model that relies on revenue generation — which makes up 52 percent of the gap between a $110 million budget deficit and the goal of a $57 million deficit. The campus intends on raising about $27.6 million through millions of dollars in private gifts and “new or expanded academic programming in University Extension, Summer Sessions, Concurrent Enrollment, Self Supporting Graduate Professional Degree Programs, and via Professional Degree Supplemental Tuition,” according to the Office of the Vice Chancellor Chief Financial Officer. https://good-university.com/2017/08/10/campus-unveils-revenue-driven-budget-that-cuts-15m/