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| Office of the Chancellor / Public Affairs |
Monday, August 4, 2003
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Sacramento Bee 8-3-03 Budget highlights |
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* Retains cost-of-living increases for aged, blind and disabled people in June but suspends raise scheduled for January. * Assumes state employee layoffs or 10 percent pay cuts to save $1.07 billion. * Eliminates tax credit for manufacturers. * Eliminates Trade and Technology Agency and Office of Criminal Justice Planning. * Relies on $2.2 billion in federal funds. * Saves $349 million in child-care programs by restricting eligibility, reducing reimbursement rates and relying more on federal funds. * Increases fees at community colleges and assumes fee increases at the University of California and California State University systems; delays opening of UC Merced. * Requires a one-time transfer of $135 million from redevelopment agencies to schools. * Reduces by 5 percent Medi-Cal reimbursement rates to providers. * Delays for up to six years more than $1.3 billion in transportation projects. * Generates $120 million by raising a variety of fees for energy, environmental protection and resources programs. * Reduces funding for the California Arts Council to $1 million, a fraction of the $19.6 million it got last year. Sources: Legislative Analyst's Office, California Legislature
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