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
System faces $250 million reduction unless November tax measure is approved by voters
(May 14, 2012) – Governor Brown’s May Revision of the 2012-13 state budget proposes a $250 million trigger cut for the California State University if his tax measure is rejected by voters this November. With voter approval of the tax measure, the CSU would receive an essentially flat budget with $2.06 billion in state funding. Last year state support for the CSU was reduced by $750 million. If the tax measure is defeated, CSU’s state funding would fall to $1.8 billion, the lowest amount of state funding the university has received in 17 years.
During the May 2012 CSU Board of Trustees meeting, the system vice chancellors presented various alternatives for potential cost reduction and revenue enhancement strategies. These strategies will be further discussed at the July 2012 CSU Board of Trustees meeting.
Find the Committee on Finance presentation here.
Find the agenda item here.