The True Fiscal State of the UC System, December 8th, 2009

If you want to know the truth about the University of California’s finances, there is no better document than the recently released (11/19/2009) Moody’s bond rating for the UC system. First of all, it must be pointed out that this report was released on the same day that the Regents voted to increase student fees 32%, and as the UC Santa Cruz Professor Bob Meister has shown, there is a direct connection between increased fees and decreased interest rates for construction projects. Simply put, the bond raters gave UC a high bond rating-which translates into a low interest rate--because the raters like seeing that the UC has a large pool of unrestricted funds and the system is willing to keep raising fees on its students. (Link to rest of article)