The compromise to close the state's huge budget gap included cuts to state agencies of all kinds, but none were as deep as those to the state's public colleges and universities. The state's two systems were each cut by $650 million, and they each could lose $100 million more if the state's optimistic revenue expectations do not materialize. For both systems, the $650 million is roughly a 20% cut of operating money from the state.[Emphasis added].
For more, see California Cuts Weigh Heavily on Its Colleges by , July 8, 2011 at NYTimes.com.
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