A new probe on the UC Budget revealed very large sums of money missing from the budget from year to year since 2001.
Check out the article: University Probe
It’s an accounting error on Mr Schwartz’ part (the writer, a physics professor by his own admission).
Schwartz later writes, having been corrected by someone who knows how to look at graphs:
There is no Missing money, in terms of the whole aggregate of State funds going to UC over the past dozen years. We learn that the term “General Funds” means different things in different documents.
Other serious questions remain.
Yes. Serious questions about Mr. Schwartz’ ability to comment on financial matters. That said, you have a lovely web site. Good luck to you all in the Californian universities.
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