Finance & Business

University of California President Michael V. Drake, M.D., today (Jan. 10) issued the following statement on Gov. Gavin Newsom’s proposed 2024-25 budget:

On June 30, 2022, the California Department of Finance published the California State Budget Full Budget Summary, 2022-23 (PDF).

The following is an excerpt of the enacted budget's Higher Education section, which begins on page 31 of the document (p. 35 in the PDF):

University of California President Michael V. Drake, M.D., today (Jan. 10) issued the following statement on Governor Gavin Newsom’s proposed 2022-23 budget:

The University of California is grateful to Gov. Newsom for his continued leadership and steadfast support of the University. The priorities he outlined today reflect our shared commitment to expanding the positive impact the University has on the lives of all Californians.

The University of California Board of Regents approved today (July 22) the Tuition Stability Plan to increase predictability for students and families, better support students with the greatest financial need and provide critical resources for UC campuses.

The Plan will begin fall 2022 and will not impact current UC undergraduates or incoming 2021-2022 undergraduates.

by Brenda Dawson

A version of this article originally appeared in Dateline on March 23, 2021.

Quick Summary:

A version of this article originally appears in Dateline on Jan. 12, 2021 

Budget reduction options under discussion since last month are off the table, Chancellor Gary S. May and Provost and Executive Vice Chancellor Mary S. Croughan said Monday (Jan. 11), attributing the decision in part to new federal stimulus money and the proposed state budget. 

Economic impacts from the COVID-19 pandemic have so far added up to a $210 million hit to the UC Davis budget—with the potential for losses to grow. Campus budget leaders have announced strategies to address and mitigate these financial challenges, with principles that require shared sacrifice, but emphasize protecting employees from indefinite layoffs and continuing to support student academic success.