Highlights of the 2007/08 CSU Support Budget

• $42 million for mandatory cost obligations, including $28 million for health care benefit increases
• $76.7 million for 2.5 percent resident student enrollment growth (8,351 FTES)
• $2.5 million for Master of Science in Nursing (MSN) enrollment growth (163 FTES)
• $6.2 million for financial aid set-aside from enrollment growth (33% of Marginal Cost Fee Revenue)
• $82.8 million for a 3 percent compensation pool for all employee groups
• $47 million to reduce the salary gaps
• $2.5 million to address long-term shortfalls in funding for library acquisitions
• $2.5 million to continue reductions in the backlog of deferred maintenance
• $5 million for academic technology