This is a bold and visionary plan that represents a fundamental restoration of the values and priorities that have made California great. I am extremely pleased that the governor understands how vital it is to return the University of California and the California State University system to solid financial footing. Over the long term, the governor's proposal will provide California's public universities with much-needed stability to plan for the future and to maintain affordability, access and excellence. In the short term, however, there are still critical budget shortfalls that will require the attention of the governor and the Legislature.

Our public universities have been powerful engines of economic growth and social advancement in the past and will be even more vital in the knowledge economy of the future. Any money spent on them should never be seen as a cost, but as an investment in California. I am delighted that Governor Schwarzenegger recognizes the need for our state to invest again in education and innovation. I look forward to working with the governor and with the Legislature to see that this proposal reaches the ballot so that the people of California may have a voice in their own future.