Tuesday, November 16, 2010

Regents to Approve Next Year's Budget on Nov. 18

The Regents will be approving a budget for 2011-12 at their meeting of Nov. 18, 8:50 AM session. The total UC proposed budget for the coming year will be $22.6 billion. Of that total, $3.5 billion is requested from the state, up from $2.9 billion in the current year. Of the $600 million increase being requested from the state, $172 million is for pension funding.

I will leave it to the reader to estimate the probability that the state will cough up what is being requested.

You can find the budget document at The figures to which I refer above are on document (not pdf) pages 150-151.

I did ask a source at the state Dept. of Finance about the probability. Her response:

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