SACRAMENTO, CA --
The University of California may cut salaries and furlough staff because of its budget shortfall.MOST POPULAR: Video, stories and more
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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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