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Those running the UC system are in bigger financial trouble than they thought.
"The University of California faces a more than $200 million deeper reduction than the $500 million proposed in Gov. Jerry Brown’s budget – in part because the state refuses to make a contribution to the 10-campus system’s retirement system.
UC says the state, as it has in the past, should pay a percentage of the employer payments the university makes to its retirement system based on the $3 billion general fund contribution the state makes to the system’s $6 billion instructional budget. Brown would reduce the $3 billion to $2.5 billion."
Jerry Brown is taking a total of $700 million from the system. Maybe they will have to cut the almost $900,000 salary of the head of the system, Mark Yudoff? That would be a start.
Expect massive tuition increase. Oh, another way to save money is to end the sweetheart contracts between the unions and the system. Allow the workers to get paychecks without having the UC system deduct the bribes given to the unions from their paychecks.
This is just one government department that is going to have to make do with much less. And, if the people refuse to bail out the corrupt and incompetent, this will, happily, just be the start.
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"The University of California faces a more than $200 million deeper reduction than the $500 million proposed in Gov. Jerry Brown’s budget – in part because the state refuses to make a contribution to the 10-campus system’s retirement system.
UC says the state, as it has in the past, should pay a percentage of the employer payments the university makes to its retirement system based on the $3 billion general fund contribution the state makes to the system’s $6 billion instructional budget. Brown would reduce the $3 billion to $2.5 billion."
Jerry Brown is taking a total of $700 million from the system. Maybe they will have to cut the almost $900,000 salary of the head of the system, Mark Yudoff? That would be a start.
Expect massive tuition increase. Oh, another way to save money is to end the sweetheart contracts between the unions and the system. Allow the workers to get paychecks without having the UC system deduct the bribes given to the unions from their paychecks.
This is just one government department that is going to have to make do with much less. And, if the people refuse to bail out the corrupt and incompetent, this will, happily, just be the start.
More...