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CSU Trustees Approve 2007-08 Budget Request
Proposal requests funding from the state to avoid student fee increases
The California State University Board of Trustees today approved a $4.5 billion budget request to the state for fiscal year 2007-08, which proposes an increase of $266.8 million over the current year’s allocation.
The budget consists of $3.0 billion from the state General Fund, $1.2 billion from State University fee revenue, and $183.3 million from reimbursement funding.
The proposed budget recognizes the funding agreement under the Compact for Higher Education, which provides a 4 percent or $109.7 million increase for general operations, $64.2 million for enrollment growth of 2.5 percent to fund an additional 11,000 students, and $2.5 million for an additional 200 nursing students at the master level. In addition, the CSU will receive $25.2 million in revenue from fees associated with the 2.5 percent enrollment growth.
The budget also assumes a $65.2 million state General Fund revenue augmentation to avoid any increase in student fees in the 2007-08 fiscal year.
“We all agree that college affordability is critical to ensure a well-prepared workforce for the future of California,” said CSU Board of Trustees Chair Roberta Achtenberg.
If the budget is approved by the state, the CSU will continue to maintain
the lowest undergraduate fees among CPEC’s (California Postsecondary
Education Commission) 15 higher-education public institutions, which historically
are referenced for comparisons of faculty salaries and student fees. The
average 2007-08 resident, undergraduate student fee would continue to
be $3,199, including systemwide and campus fees. The same fee at the comparison
institutions averages $6,665.
Included in the funding above compact request is an additional one percent
to address employee salary gaps. The recommended budget plan provides
$83 million for a three percent compensation pool and $47 million to fund
the second year of the five-year plan to close employee salary gaps. In
addition, the budget plan also seeks funding above the compact to add
another one percent to compensation to make additional progress to reduce
the salary gap.
The CSU funding priorities were formed keeping an eye toward long-range goals and needs of the university, and in consultation with the members of the Board of Trustees, campus presidents, representatives of the CSU Academic Senate and members of the System Budget Advisory Committee.
Budget Expenditure Highlights:
The state’s budget development process includes the following schedule:
The California State University is the largest system of senior higher education in the country, with 23 campuses, approximately 405,000 students and 44,000 faculty and staff. Since the system was created in 1961, it has awarded nearly 2.5 million degrees, about 84,000 annually. The CSU is renowned for the quality of its teaching and for the job-ready graduates it produces. Its mission is to provide high-quality, affordable education to meet the ever-changing needs of the people of California. With its commitment to excellence, diversity and innovation, the CSU is the university system that is working for California. See www.calstate.edu
Last Updated: November 14, 2006