As redevelopment agencies across the state of California get the ax, local city council members voted to sell bonds to JP Morgan in a last effort to protect funds for local projects. Under Gov. Jerry Brown’s budget, the tax revenue meant for redevelopment agencies would be redirected to the state.

State funding cuts to the UC isn’t new. Contributions to the UC’s budget from the state of California have almost halved in the past 40 years. This coincides with the steady increase in student’s fees. The Regents measure to raise fees by 10.3 percent will mark the fifteenth time UC undergraduates have experienced an at least 10 percent increase in their cost of education from the previous year.