California’s new state budget includes $10 million for the future School of Medicine at UC Riverside. It's money the school was counting on to keep construction on track.
In a state budget that tops $85 billion, $10 million might not seem like much – but it’s big deal money for UC Riverside. That $10 million covers the start-up costs for the UCR med school’s planned opening in two years.
Founding medical school dean Richard Olds says the state funding will help UCR meet its target date for opening, and help it attract other private funding. It’s going to need it. There could be less money coming from the feds at a time when government spending across the board is under increased scrutiny.
UC Riverside’s School of Medicine still needs to secure $30 million in funding over the next four years to get up and running. When it opens, it’ll be California’s first new public medical school in nearly half a century.