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
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.