It looks like Berkeley’s financial troubles have impacted its standing in at least one major university ranking. On top of its decline in public perception, the school is operating in the red and it has affected its research capability.
“The University of Pennsylvania is the only newcomer to the top 10, climbing three places to joint 10th, while the University of California, Berkeley has fallen out of this elite group, sliding eight places to 18th. The main driver of Berkeley’s decline is a large drop in its research income per academic.”
https://www.timeshighereducation.com/news/world-university-rankings-2018-results-announced