Monday, October 1, 2012
CSU Board Makes Budget Contingency Plans - SCV News
The California State University Board of Trustees adopted budget contingency measures Wednesday based on the outcome of Proposition 30 on the Nov. 6 ballot. The board voted 11 to 3 to raise tuition fees by $150 a semester or 5 percent if the Governor’s tax initiative fails and a $250 million “trigger” budget cut to the CSU goes into effect. Alternatively, the board also voted to roll back the 9.1 percent tuition fee increase already in effect for fall if voters approve the tax measure. Faculty trustee Bernadette Cheyne, student trustee Jillian Ruddell and Superintendent of Public Instruction Tom Torlakson voted against the resolutions.
“It is clear that we cannot simply cut our way out of another $250 million hit to our budget,” said CSU Chancellor Charles B. Reed.
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