Summary of the bad news: The UCs are bleeding money due to COVID-19 (lost revenue from canceled housing/dining contracts and medical centers canceling elective surgeries, plus unexpected expenditure of moving instructions online), and the federal (CARES) and state (California is bleeding money faster than the UCs) governments are not going to be able to fill the hole. This may lead to tuition increases and affect/reduce course offerings and student services.
Read the full-length bad news here (LA Times article via Yahoo News, 4/16/2020).
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