Rescheduled regents meetings disrupted temporarily as protesters occupied the meeting spaces at the four campuses where they were being conducted.

The UC Board of Regents convened on Wednesday, March 16 to discuss how the University of California will address another half-billion dollar drop in state funding from Governor Brown’s proposed budget.

The University of California Office of the President recently established a new budget proposal that would decentralize funds and tax each UC campus for central projects. After a recent meeting between SUA and executive vice chancellor Alison Galloway. However, UCSC decided not to implement this 2 percent tax at this time.

UC student journalists will attend a press conference with UC President Mark Yudof.

The UC regents recently proposed placing a fixed-percentage tax on new university fees regardless of each site’s current fees — a move that adds financial strain for already fee-heavy campuses like UCSC. We should not be required to pay for projects that may never make it back to Santa Cruz at all.

Auditors will focus on the University of California Office of the President’s spending.

Gov. Arnold Schwarzenegger released the 2010-2011 budget, a $82.9 billion dollar plan that will eliminate the state’s $19.9 billion dollar revenue shortfall by making cuts, on Friday Jan. 8.

UC faculty members criticize the decision, which came amid a 32.5 percent fee increases for undergraduate students.