Despite the state’s fiscal condition, the CSU has legitimate funding needs critical to its mission and will seek an approximate 8.25 percent increase in its 2012-13 budget.
CSU Assistant Vice Chancellor for Budget Robert Turnage outlined next year’s preliminary budget request to the CSU’s Board of Trustees this week. The CSU has identified $315 million in needed revenue increases to cover a 5 percent growth in enrollment ($100 million); mandatory costs such as health/dental benefits for employees and energy among others ($50 million); 3 percent compensation increase ($95 million); graduation initiative and other student success programs ($40 million); urgent maintenance needs ($15 million); and an information technology infrastructure upgrade/renewal ($15 million).
The budget framework assumes that any additional “trigger cuts” in the current fiscal year will be one-time and not affect the ongoing base of state support the CSU receives. The CSU faces an additional mid-year cut of up to $100 million–on top of an already enacted cut of $650 million–if state revenue forecasts are not met. This would reduce the CSU’s state funding to $2 billion or a year-over-year reduction of 27 percent in state support. An updated and detailed budget recommendation will be presented to the board for action in November. More information.
For more on a decrease in student alcohol-related misconduct, students honored for perseverance and achievement, and the CSU’s 50th anniversary, view the California State University Employee Update for Sept. 22.