In a chapter for the current edition of California Policy Options, former UCLA Chancellor Charles Young reviews funding options for UC. He discusses status quo funding, privatization, and "modified self-sufficiency" in this chapter and suggests the last as the most viable of the three. California Policy Options 2011 will eventually be available in full on the web.
However, you can access the Young chapter at https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0BzVLYPK7QI_4MzhmMjMyMmUtN2Y0Zi00Njc4LWEyMWQtOWE0MWVkMjdlNjY0&hl=en&authkey=CMLHxK4O
A related item is an op ed by yours truly in today's Daily Bruin: https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0BzVLYPK7QI_4Y2E4OTFjZmQtM2QzNy00NjA2LWI4MDAtZWNkYTRhODdiMWI2&hl=en&authkey=CLeVhc8J
And finally, if you really want to know more than you should about the way state budget sausage is made, you can try https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0BzVLYPK7QI_4ZTBiZjU3YzktZmEyYi00NGY3LTk1MjItN2NhNjNiOWMzMzEx&hl=en&authkey=CK-g78gB
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