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Emily Suh

News

July 18, 2012 3:44 p.m.

UC Board of Regents endorses proposed tax initiative, freezes tuition rates

The UC Board of Regents voted Wednesday to accept Gov. Jerry Brown’s UC budget proposal, keeping tuition stable for the 2012-13 school year and endorsing Brown’s tax initiative at its bimonthly meeting.

In exchange for the UC freezing tuition rates, the state will allocate $125 million to the UC in 2013-14 school year – commonly referred to as a “tuition buyout.” This buyout hinges on voters passing Proposition 30, the governor’s proposed tax initiative, in the November election.

By Emily Suh

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