Photo reprints |
RSS
| Blogs
7-Day Forecast
State controller warns California may be out of cash by March
Breaking News: Timestamp
UCLA’s breaking news source, compiled by the Daily Bruin news reporting staff.
| 
Tools
Latest Entries
City Council approves ban on plastic bags in LA markets
MAY 23Man accused of killing two USC students claims to be UCLA student, but officials say claim is false
MAY 23UCLA chancellor responds to racial discrimination lawsuit
MAY 22Former Chancellor Charles E. Young calls for discussion on proposal for increased independence at individual UC campuses
MAY 22Three men attempt to rob UCLA student at gunpoint Wednesday
MAY 17
The state may run out of cash by March and will need to borrow funds and delay payments worth $3.3 billion, according to a statement released today by State Controller John Chiang.
In that event, the state would need to borrow $200 million from the University of California, said UC spokeswoman Dianne Klein.
Despite Chiang’s statement, the chances of the state actually running out of cash is extremely low, Jason Sisney, a research analyst at the Legislative Analyst’s Office, said in an email.
The issue instead is trying to make all scheduled payments while keeping aside enough cash to deal with unexpected demands on the state treasury, Sisney said.
In order to lend money to the state, the UC would have to borrow $200 million from an outside source first, Klein said. Then, the UC would loan the borrowed money to the state at a higher interest rate.
The state already owes the UC a total of $1.7 billion, Klein said.
Compiled by Emily Suh, Bruin contributor.
- California education institutions should back Gov. Brown’s tax initiative · 2 comments
- UCLA surgeon Dr. Christian Head’s lawsuit against UC regents gains support through petition · 2 comments
- Submission: ‘Community and Conflict in the Modern World’ GE requirement must be understood · 3 comments
- Back to USAC: Returning officers to aid with financial issues, guide new councilmembers · 2 comments
- State cap on nonresident students in the UC would be unreasonable · 2 comments
- Senator proposes legislation to cap nonresident enrollment at 10 percent per UC campus · 2 comments
- Three men attempt to rob UCLA student at gunpoint Wednesday · 2 comments
- Submission: Proposed ‘Conflict and Community in the Modern World’ GE requirement unrealistic for UCLA · 1 comment
- Michael Wallberg on Senator proposes legislation to cap nonresident enrollment at 10 percent per UC campus
- mcdez on California education institutions should back Gov. Brown’s tax initiative
- mcdez on California education institutions should back Gov. Brown’s tax initiative
- Amy 3V on Easy fitness via YouTube workout videos
- Goldsmith on Women's volleyball defeats Illinois for team's fourth national title and No. 108 for UCLA
- who can do my coursework on Women's volleyball defeats Illinois for team's fourth national title and No. 108 for UCLA
- lubz on Letter to the editor: Muslim Bruins should be treated with respect
- Abdi on State cap on nonresident students in the UC would be unreasonable
- Both UCLA men's tennis players in NCAA Individual Championships lose in first round ·
MAY 24
Posted in: Sports: Bruin Sights - City Council approves ban on plastic bags in LA markets ·
MAY 23
Posted in: Breaking News: Timestamp - Man accused of killing two USC students claims to be UCLA student, but officials say claim is false ·
MAY 23
Posted in: Breaking News: Timestamp - UPDATED: Former UCLA basketball player Reeves Nelson files suit against Sports Illustrated ·
MAY 23
Posted in: Sports: Bruin Sights - Q&A: YouTube star AJ Rafael honored to perform at the Verizon Asian Pacific American Heritage Month Tour ·
MAY 23
Posted in: A&E: Spotlight - Q&A: DJ Shot shares meaning behind the name and journey behind the turntables ·
MAY 23
Posted in: A&E: Spotlight - UCLA chancellor responds to racial discrimination lawsuit ·
MAY 22
Posted in: Breaking News: Timestamp - UCLA falls 4-0 to Florida in women's tennis NCAA championship match ·
MAY 22
Posted in: Sports: Bruin Sights
Follow us
Featured classifieds »
ACCUSED of cheating? Plagiarism? Grade dispute? Criminal Charges? Call BEFORE speaking with the Dean or Police. FREE consultation. Law Offices of Kosnett&Durchfort. (310)444-8898http://www.educationlawyer.org · 6300 - Legal Advice/Attorneys
ORGANIC CHEMISTRY IN ONE MONTH.We offer all science classes required for health professional programs. Weekend WASC accredited. Whittierwww.integratedscienceprogram.com · 6700 - Professional Services
WRITING TUTORKind and patient Stanford graduate. Help with the English language--for students of all ages/levels. 310-440-3118. · 7000 - Tutoring Offered
SUMMER CAMPAIGN JOBS!Fight Hate Groups. Teach Tolerance. Seek Justice.Earn $1400-$2200/month.Los Angeles: 310-441-1712Pasadena: 626-844-1900Newport Beach: 202-695-8075 · 7800 - Help Wanted
$925 Bachelor. Small kitchenette. No parking. Utilities paid. July 10th Move in. 10943 Roebling Ave. 1yr lease. No pets. 310-395-8643. · 8400 - Apartments for Rent
**SANTA MONICA. Private, charming 1Bdrm. Nice yard, blocks from beach. Newly remodeled. Pearl/11th Street. Serious applicants only. Laurent 310-994-1127. · 8400 - Apartments for Rent
More multimedia »
Content Copyright ©2012 the Daily Bruin
Powered by Detroit Softworks
Join the discussion
You Should Know: Any comments posted on dailybruin.com may be printed in the Daily Bruin. the Daily Bruin reserves the right to remove any comment deemed racially derogatory, inflammatory, or spammatory. Repeat offenders may have their IP address banned from posting future comments. Please be nice.
If this is the first time you've commented, your comment won't appear until you've verified your email address.
No comments
Be the first to comment on this post!