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UC board endorses tax initiative, freezes tuition

3:36 PM, Jul 18, 2012   |    comments
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SAN FRANCISCO (AP) - The University of California's Board of Regents has voted to freeze undergraduate tuition this fall and endorse Gov. Jerry Brown's tax initiative.

But UC officials warn the 10-campus system will need to consider unpopular actions, including a steep mid-year tuition increase, if voters reject the November ballot measure.

The resolution was approved by the full board after its finance committee voted for the measure earlier Wednesday.

Under the recently adopted state budget, funding for the 10-campus system will remain stable this fiscal year and increase by $125 million next year - if UC doesn't raise tuition and voters approve Brown's plan to temporarily raise income and sales taxes.

But if the initiative fails, the university will face a mid-year budget cut of $250 million.

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