Chris Newfield has an excellent post at Remaking the University about the University of California’s budget situation and how it relates to the recent Moody’s negative outlook on higher education finances. The whole article is worth reading, but one section jumped off the page for me [emphasis added].

The sadder example of ongoing debt is the request for “external financing for the UCPath project.” UC Path was UCOP’s flagship solution to UC inefficiencies that were allegedly wasting taxpayers’ money–in other words, new enterprise software for the systemwide consolidation of payroll and human resources functions. This is boring, important back office stuff, hardly good material for a political campaign to show the state “UC means business,” but that’s what it became. Rather than funding each campus’s decades-old effort to upgrade its systems on its own, UCOP sought centralization, which predictably introduced new levels of cost, complexity, and inefficiency, since centralization is often not actually efficient.

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