The 2026-27 Budget: University of California

Feb 26, 2026 - As Figure  6 shows, UC core fund balances as a share of its annual core fund expenditures have been as low as 1.8  percent in 2008 ‑09 and as high as 23  percent in 2012 ‑13. UC reserves dropped notably at the onset of the Great Recession.
https://lao.ca.gov/Publications/Report/5143