UCR may have to cut $40B from budget

RIVERSIDE, Calif. The university says it could be forced to lay off employees, eliminate programs, and slash employee paychecks.

"It's draconian," UCR Chancellor Timothy P. White said in a statement released by the university. "Unfortunately, there are more questions than answers at this time about how all this will work." UCR is suffering the same fate as other campuses in the /*University of California*/ system. Budget cuts to state colleges were proposed by /*Governor Arnold Schwarzenegger*/ after the defeat of five budget-related propositions on the May 19 special election ballot.

"Let me be very clear. I am deeply concerned by these cuts," said White. "We are being forced into misguided and short-sighted actions that are an 'anti-stimulus package.' Developing human capital and knowledge is the only way to recover and strengthen the economy. We are necessarily taking actions in the opposite direction."

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