AM Alert: UC regents discuss budget ‘shortfall’
07/16/2014 5:00 AM
10/08/2014 12:06 PM
The University of California Board of Regents gathers for its bimonthly meeting, starting at 8:30 a.m. at the UCSF Mission Bay Conference Center in San Francisco. Over the next two days of sessions, which frequently draw a visit from Gov. Jerry Brown, the regents are expected to approve Sam Hawgood as the new chancellor of UC San Francisco, among other business.
Today includes the first public discussion of UC finances since Brown signed the state budget last month. UC received an additional $142.2 million from the general fund compared to last year, about $106 million less than the university requested. The regents will address what UC says is a “funding shortfall” in its retirement plan and the state’s failure to pay the cost of the university’s expected enrollment growth.
The regents will also vote on whether to confirm UCLA student Avi Oved as the board’s student regent for the 2015-16 school year. The choice has caused a rare stir of controversy for a position that generally receives little scrutiny. The UC Students Association and other student groups recently raised objections to Oved’s selection after discovering that he accepted campaign contributions from an off-campus, pro-Israel foundation when he ran for UCLA student government.
VIDEO: Huge gains for California's state employee retirement funds this year only put a dent in their financial troubles, Dan Walters says.
LET’S VET IT STARTED: First Lady Michelle Obama is in Los Angeles today to join a call to end veteran homelessness in the county by 2015. She will deliver the keynote address at an event organized by the United Way of Greater Los Angeles, 11:15 a.m. at the Hyatt Regency Century Plaza hotel.
Across the city, the Veterans Housing and Homeless Prevention Program holds the fourth in a series of meetings to discuss how $600 million in bonds, approved by California voters in June to fund transitional housing and services for homeless veterans, will be spent. Two sessions will be held at the Van Nuys State Office Building, at 10 a.m. and 2:30 p.m.
TAKIN’ IT TO THE COURTS: After the Accrediting Commission for Community and Junior Colleges voted last summer to revoke City College of San Francisco’s accreditation, the city sued to keep the school open. A judge granted a stay of closure in January, and City College has since been given two more years to meet accreditation standards. Now the accrediting commission, whose handling of the case was blasted by the state auditor last month, has asked the court to throw out the lawsuit, a move that City College supporters strongly oppose. They will hold a rally at 9 a.m. outside the Superior Court in San Francisco before a hearing to determine whether the suit will move forward.