I wouldn't exactly call it nostalgia, but yours truly was looking through some past recordings that appeared on this blog related to earlier budget crises. The previous crisis came in the wake of the Great Recession that started at the tail end of 2007 and officially ended during the first half of 2009. Such events tend to have a lagged and long-term effect on the state budget - and therefore the UC budget. By the summer of 2009, the state didn't have the cash to pay all its bills and took to handing out IOUs (Registered Warrants) instead.
At the link below, you will find a presentation by Chancellor Block and (then) chief financial officer Steve Olsen about the situation at UCLA as of June 11, 2009:
or direct to:
https://archive.org/details/UCLAbudgetForum61109MoreRes
Note: The audio and video quality is not all it could be, but - then again - neither was the budget outlook.
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