| Last Updated: | 3/21/2013 |
| Budget Issue: | Debt restructuring. |
| Program: | UC, CSU and Hastings |
| Finding or Recommendation: | Recommend rejecting the Governor’s proposal to allow the universities to restructure the state’s lease-revenue debt associated with university projects. |
Our report, The 2013-14 Budget: Analysis of the Higher Education Budget, provides detail on the Governor's proposal to allow the universities to restructure state lease-revenue debt. Please see this section for a description of the Governor's proposal and this section for our assessment and recommendations.