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UC Faces $125 Million in Cuts Amid State Budget Deficit

Posted on AllSides May 18th, 2024
From The Right

The state is wrestling with an estimated $28 billion budget deficit for the fiscal year starting July 1. The University of California said anticipated state budget cuts would slash its annual revenue by $125 million for the upcoming 2024-25 fiscal year. The state is wrestling with an estimated $28 billion budget deficit for the fiscal year starting July 1. University officials confirmed the cuts—which amount to about 2.5 percent of its annual state revenue—during a regents board meeting May 13. The one-time cut will be restored to the system during...

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https://theepochtimes.com/us/uc-faces-125-million-in-cuts-amid-state-budget-deficits-5652459

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