A new ballot initiative proposed by venture capitalist and tech billionaire Tim Draper aims to split California into three states, following in the footsteps of his failed attempt to reach the ballot in 2014 with a map drawn to split the state in six. Once again, Draper calls California "nearly ungovernable" and remarks that its citizens are "poorly served" by its government.

However, the plan again fails to spell out any of the myriad ramifications that dividing the state would entail. For instance, how would the plan affect University of California who pay in-state tuition to attend any one of nine undergraduate campuses in the state?

Our calculations show that the with new state lines fracturing the system, the Three Californias plan would reclassify approximately half of California resident UC students as "out-of-state" students. If the UC were to charge out-of-state tuition to these students, the total additional cost would be more than $2 billion per year.

Read our full report here.