UC President Mark G. Yudof Statement on Special Election's Impact on UC's Budget
The outcome of the May 19 state ballot propositions means that the University of California will be facing significant budget reductions in the 2009-10 fiscal year. Gov. Arnold Schwarzenegger's revised state budget proposal alone calls for a cut of $322 million, and when combined with the state's underfunding of student enrollments and inflationary cost increases, UC's total budget gap would amount to $531 million.