University of California Faces $125 Million in Cuts Amid State Budget Deficit

The state is wrestling with an estimated $28 billion budget deficit for the fiscal year starting July 1.

Students walk near Royce Hall on the campus of UCLA in Los Angeles on April 23, 2012. Kevork Djansezian/Getty Images

The University of California said anticipated state budget cuts would slash its annual revenue by $125 million for the upcoming 2024-25 fiscal year.

The state is wrestling with an estimated $28 billion budget deficit for the fiscal year starting July 1. University officials confirmed the cuts—which amount to about 2.5 percent of its annual state revenue—during a regents board meeting May 13.