COLLEGE
07/19/2010 05:12 am ET Updated May 25, 2011

UC System Plans MASSIVE Cutbacks

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.

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