January 25, 2008
Colleges Brace for Cuts as State Economies Take a Turn for the Worse
This was supposed to have been the "year of education" in California, a designation proclaimed last year by Gov. Arnold Schwarzenegger as he looked ahead to 2008.
But, like his counterparts in many states, the Republican governor finds himself entering the new year facing a budget gap. California's revenues are flat-lining, in part because of the slumping housing market, and are expected to fall $14.5-billion short of the state's costs over the next 18 months.
Educators who had
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