System prepares scenarios dependent on Governor’s tax measure
(September 19, 2012) – The California State University Board of Trustees today adopted budget contingency measures based on the outcome of Proposition 30 on the November 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.
System outlines options dependent on Governor’s tax measure
(July 17, 2012) – With the state budget for 2012-13 now signed, the California State University Board of Trustees discussed budget options for the system at its regularly scheduled board meeting today. The final budget relies on the successful passage of the Governor’s tax measure in November. University officials laid out the difficult budget choices if voters don’t approve the measure and the CSU faces an additional $250 million mid-year “trigger” cut. Options include strategies to reduce payroll costs, a “triggered” mid-year tuition fee increase, enrollment reductions, and other ideas are all part of the contingencies being considered. (more…)
The presentation outlining the contingency strategies to address a potential $250 million mid-year “trigger” cut if the Governor’s tax measure is not passed by the voters in November can be found here: http://www.calstate.edu/pa/BudgetCentral/July2012.pdf