As of the 2023-24 academic year, the University of California faces $9.1 billion in deferred maintenance, while California State University faces $8.3 billion. In today’s episode, Chuck and Abby explore how this problem arose, how it mirrors the challenges cities are facing, and what it'll take to manage this decline. ADDITIONAL SHOW NOTES “ Inside a $17 billion maintenance backlog plaguing California’s universities ” by Victoria Mejicanos, Matthew Reagan and Mercy Sosa, CalMatters (April 2025). Learn more about the Growth Ponzi Scheme and how to evaluate your own city’s financial position. Abby Newsham (X/Twitter). Chuck Marohn (Substack) Theme Music by Kemet the Phantom .
