In the midst of recent budget cuts and tuition hikes, California Governor Arnold Schwarzenegger is prepared to to dump extra money into higher education. The possibility of a bump in tax revenues and angry public protests are likely behind his decision.
Details and numbers are unclear since no one in the state legislature, including the Governor has a handle on the state budget. California's budget will be official calculated later this month when new revisions are implemented comparing spending against revenues.
The Governor wants to put an extra $2 billion into the state's higher education system - a combined student body of 3.5 million attending community colleges, California State University and the University of California campuses. The new number will be held against California's current $21 billion deficit.
Student fees have climbed 61 percent at UC and 68 percent at CSU since Governor Schwarzenegger took office in 2003. The amount of state fund money allocated for higher education has also remained at historic lows as Sacramento cut the budget amid an enduring recession.
Schwarzenegger issues a stern warning regarding the new education money. "If anyone tries to tinker around with that particular area of my budget, I will not sign the budget," he said.
The package consists of $1.1 billion per year that goes to 303,000 students who are awarded an average of $4,480 each to pay student fees, tuition costs and living expenses.
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