University of California president Mark G. Yudof and Cal State chancellor Charles B. Reed testified that their schools, along with California Community Colleges would absorb a total of $1.4 billion in cuts to their budgets -- $500 million for each of the university systems and $400 million for the two-year colleges. The catch? Voters have to sign on to the extension of a "temporary" tax hike in a June vote.
From Inside Higher Ed:
The campus leaders said that they hope legislators will give the systems increased flexibility and more stable financing going forward in exchange for the newest round of cuts. "We're saying, 'I don't like it. I don't want to do it, but I'm willing to do it for the CSU if there is a future to reinvest in California and have a conversation about what kind of California do we want for our kids, what kind of economy do we want, what kind of people do we want in the work force," Reed said. "So this one time, sure. I'm willing to sacrifice because every public agency is going to have to sacrifice something."
Don't you love the sense of entitlement? "I'll give up what I get so long as you promise that you'll take more money from people to give it back to me with interest later." This is exactly why California is experiencing a budget crisis.