UCOP Budget News
Recent News Items from the UC Office of the President
July 16, 2009 — Regents Approve Fiscal Plan, Furloughs
On July 16, 2009 the UC Regents endorsed a plan proposed by UC President Mark G. Yudof to enact systemwide furloughs as one of a set of actions to offset an anticipated $813 million reduction in support from the state general fund. The board approved the plan with a 20-to-1 vote, with ex-officio Regent Lt. John Garamendi voting against it. - See the official press release.
- Visit the UC Budget site.
- Read Mark Yudof's Letter.
- Preguntas frecuentes acerca de las Ausencias Dispensadas.
- Información sobre la propuesta de ausencias dispensadas en la UC
July 10, 2009 — Yudof Presents Plan for Furloughs/Salary Reductions
On July 10, 2009 UC President Mark Yudof announced the plan for furloughs/salary reductions that he will propose at the Regents meeting on July 15, 2009. - Read the letter from President Yudof.
- Spanish language version.
- Watch the YouTube video.
- View the recommendations
- Visit the system-wide Budget Web site.
June 30, 2009 — Yudof Discusses Recommendations for Furloughs and Salary Reductions
In a June 30, 2009 update to the system-wide Budget Web site, UC President Mark Yudof solicited further comment on the budget, furlough and salary reduction options to be presented to the Regents.June 29, 2009 — Video of UC President Mark Yudof's Discussing Proposed Furloughs/Salary Reductions
This video from UC President Mark Yudof discusses the proposed furloughs and salary reductions and invites commentary from the university's students, staff and faculty.June 17, 2009 — Yudof Unveils Options Under Review for System-wide Furloughs and/or Salary Reductions
In a June 17, 2009 letter to the University of California community, UC President Mark Yudof outlined the three options under review for system-wide furloughs and/or salary reductions. These cuts are in response to an anticipated funding shortfall of nearly $800 million.
June 1, 2009 — Video of UC President Mark Yudof's Testimony Before the State's Joint Legislative Conference Committee Hearing
Video of UC President Mark Yudof's testimony about the pending budget cuts to the Joint Legislative Conference Committee on Budget and a post-meeting impromtu press briefing on June 1, 2009 is available from the University of California Web site.May 22, 2009 — Budget Proposals Threaten Cal Grants; UC may Face Deeper Cuts
University of California President Mark G. Yudof released a statement Friday expressing concern over budget scenarios being discussed in Sacramento. Read the statement.May 14, 2009 — UC President Mark G. Yudof Cites Serious Consequences of Revised State Budget Scenarios
University of California President Mark G. Yudof announced that the revised state budget scenarios released by Gov. Arnold Schwarzenegger would have serious consequences for the level and quality of service provided by the University of California system to students and taxpayers. Read the article. April 20, 2009 — UC President Mark G. Yudof Applauds Release of $268 Million in Federal Stimulus Funds
University of California President Mark G. Yudof today applauded the release of federal stimulus money for California public schools and universities. The funds provide $268 million to UC. Because $255 million of that amount was previously taken into account in the February state budget, the federal funding reduces the UC system's current $450 million state funding shortfall by $13 million. Read the article.
April 9, 2009 — UC Budget Myths & Facts
As the University of California confronts the challenges brought about by the global economic crisis, a number of questions about the university's budget tend to come up routinely. This PDF provides basic facts about how the University of California is funded, using oft-repeated "myths" to illustrate a number of key issues. Download and read the PDF.
April 7, 2009 — UC President Mark G. Yudof on Employee Furloughs
The Office of the President is developing a contingency plan for the possibility of employee furloughs and/or temporary and permanent salary reductions in the face of the ongoing fiscal crisis. Read the article.
April 3, 2009 — UC Regents endorse Proposition 1A, the State Budget Stabilization Act
At their March meeting, the University of California Board of Regents endorsed Proposition 1A, the May statewide ballot measure that would establish a "rainy day" reserve fund, regulate the level of state spending each year and increase the amount of funding held in reserve to help guard against the dramatic ups and downs that have characterized state spending in recent years. Read the article.March 26, 2009 — Blum, Yudof Provide Perspective on Salaries in San Francisco Chronicle
In an opinion piece in the San Francisco Chronicle,Richard C. Blum, the chair of the UC Board of Regents, and Mark Yudof, the president of the UC system, address misconceptions on salaries within the University of California. Read the article.
March 19, 2009 — UC Pursuing Cost-Saving Measures to Cope with Mounting Budget Challenge
The University of California is pursuing a range of cost-saving initiatives to cope with the global economic contraction, UC officials told the Board of Regents this week, including continued reductions at campuses and the Office of the President and further limits on senior-level pay. Read the article.
December 19, 2008 — Yudof Addresses Budget in Our University
Our University, the Office of the President newsletter for faculty and staff, features a message and video on the budget outlook from President Yudof. Read the newsletter.
November 19, 2008 — Regents' Address Budget Cuts
The regents' finance committee approved a resolution stating that freshman enrollments will be curtailed without funding. Read the press release.
November 13, 2008 — 2009-10 Budget Request Sheet and Key Points
Download and read the proposed 2009-10 UC Operating Budget Fact Sheet.
Download and read the Key Points PDF.
November 10, 2008 — Yudof Addresses Impact on UCRP
UC President Mark Yudof addresses the impact of the recent stock market declines and state budget situation on the UC Retirement Plan (UCRP). Download and read the PDF.
November 6, 2008 — Press Release: Governor's Mid-Year Cuts Include New UC Reduction
Mid-year state budget cuts proposed by Gov. Arnold Schwarzenegger today (Nov. 6) include a proposed further budget cut of $65.5 million for the University of California in the current fiscal year. Read the press release.
November 6, 2008 — Key Points on Governor Schwarzenegger's Proposed Mid-Year Budget Cuts
An analysis of how the proposed $65.5 million further budget cut for the 2008-09 school year will affect the University. Download and read the PDF.
October 14, 2008 — Yudof's Letter to Chancellors Regarding the State Budget Reduction
UC President Mark Yudof's letter addressing the budget reduction over the 2008/09 and 2009/10 academic years. Download and read the PDF.