The official response

If you are wondering about the official UC response to the governor’s May Revise budget proposal, here it is: 

Patrick Lenz, the University of California system’s vice president for budget and capital resources:  

With this proposal, the governor is continuing his multi-year funding commitment to increase the University of California by 5 percent in the 2013-14 fiscal year and then 5 percent, 4 percent, and 4 percent in the subsequent fiscal years. In addition, the administration is continuing its support for UC restructuring debt to achieve $80 million in annual savings. Those savings will provide not only the additional fiscal stability to meet UC mandatory costs, but also funding to re-invest in the quality initiatives that will support the governor’s plan for additional performance outcome measures.
Source: Capitol Alert blog of the Sacramento Bee:

Or, put another way: