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State Budget Contains $115 Million in New Cuts for UC, Stretches Budget Challenge to $450 Million

The state budget adopted by the Legislature and Gov. Arnold Schwarzenegger for the rest of 2008-09 and the 2009-10 fiscal year contains $115 million in new permanent funding reductions for the University of California system and, by virtue of other growing costs not addressed in the budget, extends the university's total immediate state budget challenge to $450 million. Read story at UC Newsroom.