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Saturday, July 18, 2020

The UC Budget: What Is Projected?



The Dept. of Finance has now released detailed state budget figures including those for UC. As it stands now, General Fund allocation to UC has fallen from the prior fiscal year by 12.0%. UC also receives funding from the state from various funds outside the General Fund. Allocations from those outside funds, netted together, have fallen by 4.7%. Thus, state funding from all sources has fallen by 11.6%. You don't need yours truly to tell you that is a lot.

The overall UC budget, however, has risen by 4.2% in these projections - which are just that - projections which are being made in the face of all the uncertainty caused by the coronavirus crisis. Note that state funding in 2020-21 is projected to make up only 8.9% of the total UC budget, down from 10.5% the year before. Where is the money coming from that allows the total budget to rise as state allocations fall? It appears to come mainly from (maybe optimistic) assumptions about more revenue from such things as hospital receipts, research grants, etc. It does not come from tuition which is frozen.

Under the state budget's terms, if the feds come up with more "stimulus" money, UC's funding would increase. Whether that will happen and how much more money might be received if it does happen is unclear at this point.

Source of the table above:

See also:
and
for other related information.

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