California Stands to Lose Billions in Future Economic Returns by Continuing to Underfund CSU and UC, Study Finds

On May 9, 2018, The California Budget & Policy Center published a report, “California Stands to Lose Billions in Future Economic Returns by Continuing to Underfund CSU and UC.”  Here’s an excerpt:

As we highlighted in a recent analysis, per student spending at the CSU and UC are well below pre-recession levels and are significantly below the funding request from each institution. Governor Brown’s 2018-19 budget proposal continues this trend, allocating a mere 3% General Fund base increase for both institutions. While state leaders deliberate over these marginal increases and whether the universities have been spending wisely the pennies they have been given, the future of California’s students and of our state’s economy hangs in uncertainty.

One of the greatest consequences of underfunding our public institutions of higher education is that thousands of students who are qualified for admittance to the CSU and UC do not attend because of capacity limitations. And while most of these students enroll elsewhere, thousands skip college completely. This state disinvestment in higher education landslides into an underdeveloped workforce that undercuts California’s economic competitiveness, weakens tax revenues, and diminishes the educational, career, and life outcomes for students.

Read the full article on The California Budget & Policy Center’s website.