expenses

At the same time, UC faces higher expenses, expecting to spend nearly $344 million more for employee pay and benefit increases.

One main concern was that raising the minimum wage would cause expenses to skyrocket, leading to either a necessary reduction in quality or staff, while another is that many patrons would stop tipping altogether if the wage went into effect.

The company offered up to $15,000 to cover relocation expenses, or six months of severance pay for those who chose not to move.

Those subsidies — which include rent, medical expenses and transportation to doctors’ offices — cost about $3 million per year.

New medications such as lecanemab offer at best modest effects and major expenses.