Contact: Pat Harris, 408-924-1748
SAN JOSE, CA–San Jose State University will present a detailed overview of its projected 2015-16 operating budget at an open forum 1:30 to 3 p.m. April 20 in King Library, Room 255. This will include enrollment projections established by the CSU and projections of expected revenues and expenses. The presentation will be available online after the forum.
“Our budget plan reflects a sustained commitment to our people and our mission while living within financial realities,” President Mohammad Qayoumi said. “I encourage you to attend the April 20 budget forum to learn more.”
The 2015-16 operating budget will include several new investments in student, faculty and staff success:
- President Qayoumi has approved $800,000 for salary equity adjustments for tenure-track and tenured faculty members over a two-year period beginning July 1, 2015.
- SJSU will provide a salary equity adjustment for some university staff. Those plans are still in the works but we have set aside $500,000 for a two-year program beginning in July 2015; we will share more information as plans round into shape.
- For the first time, the CSU is empowering campuses to develop their own funding models and plans for financing renovations and new capital construction. SJSU will set aside $300,000 in base funding and $2 million in one-time funds as our first investment in a “capital reserve” fund. Details on this will be shared at the April 20 budget forum.
- President Qayoumi set aside $1 million in base funding to establish an Office of Diversity and Inclusive Excellence. Led by a chief diversity officer, this office will also have an assessment specialist, Title IX coordinator, administrative support and operating funds for diversity programming. This office will help us leverage all of the efforts already underway to make SJSU a more welcoming community for everyone.
- Consistent with all schools in the Mountain West Conference and the other NCAA Division I Bowl Subdivision conferences, $1.6 million will be dedicated to funding scholarships for our student-athletes to reflect the “full cost of attendance.”
SJSU develops a budget plan based on reasonable assumptions about funding from the state and other sources. The university does this knowing that actual revenues always vary slightly from projections. This is because the state budget is rarely enacted until close to the official July 1 start of the new fiscal year.
San Jose State—Silicon Valley’s largest institution of higher learning with 30,000 students and 3,740 employees—is part of the California State University system. SJSU’s 154-acre downtown campus anchors the nation’s 10th largest city.