CSU Budget Forum Summary

• May Revise revenue projections should provide for full funding of the Governor’s January recommendations for the 2007-08 CSU Budget


• In 2006-07, CSU enrollment growth will surpass the state target by 6,356 where the CSU should receive an additional $45.9 million for providing student access


• In 2007-08, CSU compensation agreements will cost $40.9 million more than is currently funded in the Governor or legislature’s budget recommendations


• Student fee revenue constitutes 28 percent of the overall CSU budget. Without a “buy-out” from the state the $97.6 million from the 10 percent increase is critical to supporting the overall 2007-08 CSU budget.


• Of the 417,000 anticipated CSU students in the 2007-08 academic year, 146,000 of CSU’s neediest student will not be affected by the 10 percent fee increase.


• $1.2 billion myth available to support the ongoing operating expenses, such as compensation or a “buy-out” of student fees, is just that – a myth. These funds can only be used for debt service, capital facility projects, student housing, student health centers, and parking fees.