Nearly a week into UC strike, little bargaining progress, but support for workers growshttp://www.businessinsider.com/uc-strike-2012-8/ Wed, 14 Aug 2012 13:35:04 -0400http://www.businessinsider.com/the-economy/more-in-this-article-if-you-want http://www.businessinsider.com/uc-strike-2012-8/Wed, 14 Aug 2012 13:35:04 -0400http://www.businessinsider.com/the-economy/more-in-this-article-if-you-want http://www.businessinsider.com/uc-strike-2012-8/Wed, 14 Aug 2012 13:35:04 -0400http://www.businessinsider.com/the-economy/more-in-this-article-if-you-want This is a link to a news story from the Times (NYTimes.com) that explains how UC got rid of it’s cap on tuition, and thus has been able to raise money through student fees without raising taxes on working families:
(Note to readers: This article was posted to BusinessInsider.com by a reader who requested anonymity.)
According to the Times:
The University of California system on Thursday raised $7.5 billion from tuition and fees to spend on student aid and operations. At the same time, under pressure from the university system’s largest body of students, who have been angry that the state-funded college system has not given them more for the money it took in under the cap on tuition, the system said it would raise a $2.5 billion general fund budget for the 2012-13 fiscal year starting next March.
The budget still does not include tuition hike proposals that UC is required to give voters next November. But the university system says it will spend the money as it sees fit to increase its funding sources and strengthen its ties to students. “We are not a spending organization like a municipality,” said Charles Br