HIGHER EDUCATION COMPACT:
Agreement between Governor Schwarzenegger, the University of California, and the California State University, 2005-06 through 2010-11

Gov. Arnold Schwarzenegger, UC President Robert Dynes, and CSU Chancellor Charles Reed have reached agreement on a "compact" outlining their intentions for state funding levels and institutional accountability in the University of California and California State University systems over the next several years.

The agreement provides for annual growth in state funding for core activities at UC, beginning in the 2005-06 fiscal year, in exchange for UC's commitment to accountability in specified areas. The agreement extends through the 2010-11 fiscal year.

The compact carries the promise of renewed fiscal stability for the UC system. After several years of major budget cuts - producing a net 16% decline in state support over a four-year period - UC under the compact will receive funding to preserve its internationally acclaimed academic programs, to provide broad accessibility for promising California students, and to sustain its deep impact on the economy, health, and quality of life of California. The compact lays the foundation for the University to recover from the latest budget cuts and, ultimately, to begin building again.

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