Tuesday, December 27, 2011

State Cuts Another $100 million from CSU’s Budget - CSU Chancellor’s Office

State funding support for the California State University will be cut an additional $100 million this year as a result of lower-than-projected state revenues. The cut will be permanent. The CSU has already sustained a $650 million permanent reduction in the current budget. The budget signed by the governor in June relied heavily on revenue projections to close an estimated $26.2 billion state budget gap and included the possibility of an additional $100 million cut to the CSU if those projections were not met. The additional cut reduces the university’s funding to $2 billion and is a 27 percent year-to-year reduction in state support. It is the lowest level of state support the system has received since 1997-1998, but the university is serving an additional 90,000 students.