California’s public universities could get a $100 million infusion through legislation announced on Monday.
A surge of revenue has solidified California’s once-precarious financial position. Budget negotiations this summer produced a compromise that, if local property tax revenue exceeded projections, some of the surplus could be redirected from the state’s general fund towards higher education. Student activists and university officials have long decried a lack of funding, pointing to overcrowded classes and graduation delays.
As of July there was not enough extra property tax revenue to trigger the college outlay. But now lawmakers are saying that there is still enough money available to allocate the extra college money.