University of California President Janet Napolitano announced May 14 that she and Gov. Jerry Brown have reached a historic agreement that provides UC with significant new revenue while capping resident tuition at its current level for the next two years.
Specifically, the agreement provides for:
- A 4 percent base budget increase for each of the next four years.
- A one-time infusion of $436 million over three years for UC’s pension obligation from funds set aside under Proposition 2.
- Allocations in 2015-16 of $25 million for deferred maintenance and $25 million in funds from the state’s cap-and-trade program to support energy efficiency.
- Regents to authorize the university to increase nonresident supplemental tuition up to 8 percent annually.
In addition, UC will either continue or expand efforts to:
- Ensure that at least a third of its new students enter as transfers.
- Make clear pathways to a three-year undergraduate degree.
- Eliminate course bottlenecks.
- Improve academic advising.
- Explore other efficiencies.
The agreement is contained in the governor’s revised state budget proposal, which now moves to the legislature for deliberations. A final state budget must be approved by next month. The framework will be presented to the UC Regents next week.
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