UC staff may see furloughs, pay cuts

June 24, 2009 2:01:38 PM PDT
The University of California may cut salaries and furlough staff because of its budget shortfall.

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UC president Mark Yudof plans to submit a plan outlining several cost-cutting options to the Board of Regents in July.

One of the options is to cut pay by eight percent, saving $200 million.

UC's funding was slashed by more than $800 million; that's been partially offset by federal stimulus money and student fee increases.

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