California’s recent announcement that it had balanced its budget for the first time since the 2007-08 fiscal year received broad coverage. Yet next to nothing has been said about the change in the state’s spending priorities over that six-year period.
With the U.S. college application season in full swing, some universities are informing panicked high school seniors about alternate ways to apply as technical issues affect the system used by more than 500 institutions.
Old photographs adorn the mantelpiece in Lee John Mynhardt’s living room. In one, he’s standing beside his parents and sister. In another, he’s all smiles as he wraps his arms around some college buddies.
The University of California plans its biggest tax-free borrowing since 2006 as the 238,000-student system benefits from the state economy’s record strength and a rally in education debt that’s outpacing the municipal market.