Saturday, December 24, 2011
California State Cuts Additional $100 Million from California State University Budget by Marcus, Cal State LA
State funding support for the California State University will be cut by an additional $100 million for this year, on top of a $650 million reduction already in place, as a result of lower-than-projected state revenues. The additional cut reduces CSU funding to $2 billion and represents a 27 percent year-to-year reduction in state support. "It is disheartening to say the least when your budget is cut by an initial $650 million, but to face an additional $100 million reduction mid-year makes things extremely challenging," said CSU Chancellor Charles B. Reed. "We were aware that this was a possibility, and our campuses have been planning accordingly. However, the uncertainty of the overall fiscal outlook for the state is not encouraging, and the CSU has run out of good options." The $2 billion in state funding allocated to the CSU for the 2011-2012 budget is the lowest level of state support the system has received since 1997-1998, but the university currently serves an additional 90,000 compared to that year.