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<p>That figure makes sense, but I don’t understand why the financial reports say the state provides about $75 million in 2007.</p>
<p>This is a great article. I wasn’t sure before why Berkeley’s has been lagging – was it more because of state constraints/regulations, or was it because Berkeley didn’t have the right management? I’m glad to hear that a company has been formed to manage it, but I wish they could touch more than just the foundation’s share of the endowment.</p>
<p>The budget cuts will prove a hard hit, but I think Berkeley can manage it.</p>