|Budget Issue:||Debt restructuring.|
|Program:||UC, CSU and Hastings|
|Finding or Recommendation:||Recommend rejecting the Governor’s proposal to allow the universities to restructure the state’s lease-revenue debt associated with university projects.|
Our report, The 2013-14 Budget: Analysis of the Higher Education Budget, provides detail on the Governor's proposal to allow the universities to restructure state lease-revenue debt. Please see this section for a description of the Governor's proposal and this section for our assessment and recommendations.