University of California Plans to Slash Spending
The University of California was set to unveil plans for a sweeping financial and administrative overhaul that could reduce annual operating expenses by more than $500 million, as the much-scrutinized public university system moves to deal with a widening budget shortfall.
Under the efficiency plan, which will be presented at a UC Board of Regents meeting Wednesday, the system intends to streamline, consolidate and standardize operations across its 10 campuses. Among other things, UC plans to roll out common supply-procurement and human-resources systems to replace individual campus systems.
Other measures include accelerating energy-efficiency projects, consolidating information-technology operations and loaning
