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The Legislative Analyst's Office (LAO) has produced a report for a legislative committee studying the Master Plan. The chart above tells you a lot. (We have added the arrow.) Core funding is state money plus tuition. Note that the tuition shown includes only that of state residents. UC also collects tuition from non-residents at a higher rate. In inflation-adjusted dollars, UC has had a per-student cut of over $10,000 since the Master Plan was created. It roughly made up for that cut by raising tuition. That's the story. In the end, it's not so complicated.
The full report is at:
http://www.lao.ca.gov/handouts/education/2017/Overview_of_Higher_Education_in_California_083117.pdf
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