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UCLA CFO blows whistle on university finances

Stephen Agostini warned of $425 million shortfall due to stalled finance modernization, rising costs, and reporting flaws before his firing at UCLA, which faces nearly $900 million deficit over two years.

Summary by CFO
Stephen Agostini halted reports, paused a costly ERP project and warned rising compensation, academic and athletics spending are driving a projected $425M deficit.

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CFO broke the news in on Tuesday, February 17, 2026.
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