(November 13, 2014) On November 13, CSU Trustees voted to approve the university’s 2015-16 support budget request. The request from the Trustees is for a budget augmentation of $269 million (including $52.4 million that would come from tuition fee revenue if the system is provided funding to increase enrollment by three percent) and represents a credible statement of the university’s key funding needs. (more…)
Budget Central is the repository for news and information about the California State University’s (CSU) budget. This site provides basic information about the system’s budget and ongoing fiscal challenges. In-depth information is available from the CSU Budget Office and related links.
State-supported vs. state funded
From the 1960s through early 1990s, the CSU was largely funded by the State’s General Fund. This enabled the university to keep tuition fees at a very low amount because most of the system’s operating costs were covered by the state. In the 1990s, the state’s investment in the CSU began to lag behind the amount needed to fund enrollment growth, operating costs and capital improvements. Today, the system’s funding is a partnership between the state, students and their families. A CSU undergraduate education is still one of the most affordable in the nation.
Funding Issues Persist
From 2008-2012, the CSU lost $1 billion of state revenue. Due to budget constraints, the university has been forced to turn away 20,000 to 25,000 fully qualified students each academic term since 2008. The passage of Proposition 30 and Governor Jerry Brown’s multi-year funding plan has restored funding. However, the state’s contribution for academic year 2014-15 is equivalent to pre 2007-08 levels when the university served 50,000 fewer students. The current budget will enable the university to admit 9,900 additional students, sustain student success, pay mandatory costs, and provide a salary increase to employees.