This series of reports provides regular updates on the actions taken by California colleges in coping with a difficult economy. The reports, produced in March, June, August, and October of 1994, review the impact of budgetary shortfall on 107 California Community Colleges (CCC), 20 California State Universities (CSU), 8 Universities of California, and 63 private colleges. An overview of budgetary impact on the CCC, CSU, and UC systems is provided, as well as specifics by campus. Highlights of the 1994 reports include the following: (1) CCC's expect to lose $60 million because of a shortfall in property tax revenues, exacerbated by losses incurred during the earthquake; (2) CCC's headcounts dropped 9%; (3) CSU trustees voted to increase CSU presidents' salaries by 8.6%; (4) CSU instituted a new policy of admitting only as many students at the state would pay for resulting in a 13,000 decline in enrollment; (5) UC undergraduates will have to pay $620 more in fees in 1995; (6) in 1 year, more than 160,000 student vanished from California public colleges; (7) more than 900 UC professors will take advantage of early retirement at the end of the 1994-95 academic year; (8) after several years of declining enrollments, UC projects its largest incoming class of California freshmen in 126 years; (9) in the past 3 years, about 2,000 UC faculty members have accepted early retirement; and (10) in fall 1993, 61% of first-time freshman at CSU were minorities. (KP)