Chancellor Carol T. Christ, Interim Executive Vice Chancellor and Provost Catherine P. Koshland and Vice Chancellor of Finance and Chief Financial Officer Rosemarie Rae sent the following message to the campus community Friday:
Now that we have greater clarity regarding key elements of our financial situation, we want to provide the campus community with an update on the university’s budget. While serious challenges remain, there is ample reason to conclude that our most difficult days are behind us, and to be cautiously optimistic about our financial recovery over the course of the next few years. We are aware of and regret the extent to which forces beyond our control have created difficulties and constraints for all of you who have worked so hard to maintain our mission. We are grateful for your dedication and resilience, and we want to assure you that we are doing everything in our power to hasten our return to better budgetary days.
UC Berkeley News: Campus budget update: Projected increases in state funding, revenue