UC Board of Regents meets to tackle budget cuts

January 20, 2011 5:51:37 AM PST
The University of California Board of Regents will wrap up its final day of meetings - a day after UC President Mark Yudof warned campuses will have to turn away tens of thousands of students over the next decade because of its financial crisis.

The board of regents is meeting at UC San Diego to discuss how they'll tackle Governor Brown's proposal to cut $500 million in state funding from the UC system.

Lieutenant Governor Gavin Newsom, who also now serves as a regent, says the board needs to find alternatives to the proposed cuts suggested by Governor Brown to help the governor avoid making them. President Yudof says the UC will have to make more cuts, including laying off more employees next year and reducing financial aid.

President Yudof has given the chancellors of each UC campus six weeks to come up with plans to meet the governor's cuts. Yudof will propose specific cuts in March after hearing their ideas.