Projected budget allocation will sustain programs and services to students
(January 9, 2014) LONG BEACH – “We applaud the Governor for sustaining his commitment to the multi-year funding plan for the California State University (CSU). This investment enables us to serve California’s future economic growth, and social mobility for our populace, through affordable access to high quality education and degrees. The good news for the CSU and its students is that the proposed budget will enable the University to improve existing programs and services, and maintain tuition at the current rate for the fourth consecutive year,” explained Chancellor Timothy P. White.
The Governor’s 2014-15 budget proposal includes a proposed $142.2 million budget allocation for the CSU. The new debt service framework for some facilities, outlined in the proposal, will provide the University with the improved flexibility and tools to manage debt service obligations, and address critical maintenance, repair and infrastructure needs throughout the system.
The Governor’s budget plan also addresses a much-needed policy change to the Cal Grant program to stabilize financial support for students. The policy improvement will keep a CSU education financially accessible for ongoing students who experience significant income fluctuations. Under the past policy, these students were at high risk of losing eligibility for the Cal Grant program.