UC Finances

This letter by UCSC Professor Bob Meister, President of the Council of UC Faculty Associations, explains how, beginning in 2004, UC has depended on tuition raises, or the ability to make arbitrary tuition raises to provide the collateral for bonds for construction.  The construction is not merely for research facilities but for adminstrative, athletic and other non academic buildings. 

I don't understand the full contents of the letter, although the summary here is clearer, albeit lacking in details.  The bottom line is that the UCOP set the University's feet on the path to privatization at least 5 years ago and that it needs to stop now, before it is too late.