Saturday, June 3, 2023

Cal State’s revenue only covers 86% of costs — and the gap is widening - Laura Spitalniak, Higher Ed Dive

California State University is facing budgetary shortfalls that need to be addressed partly through tuition increases, according to a report released this week by the system’s leaders. In the 2021-2022 academic year, Cal State’s revenue only covered 86% of its costs, the report said. That year, the system operated with a budget of $12.4 billion, according to the California legislature’s nonpartisan fiscal office. This gap is expected to widen as Cal State faces aging infrastructure, growing salary costs and inflation.