2014/15 Executive Summary

Executive Summary

2014/2015 Executive Summary

The 2014/15 Support Budget for Board of Trustees' action at the November 5-6, 2013 meeting was developed in consultation with campus presidents and other university constituencies. The support budget request for 2014/15 is an important statement by the CSU Board of Trustees of what the university needs to fulfill its mission to the people of California. After a half decade of fiscal crisis for the California State University, the successful passage by the voters of Proposition 30 has stabilized state finances and enabled the governor and the legislature to invest once more in California's higher education institutes and students. California's economic recovery and its longer-term economic and social future depend on the state's continued investment in its people through higher education. The 2014/15 Support Budget recommended to the Board of Trustees, governor, and legislature represents a credible statement of the university's key funding needs and focuses on the objectives of student access, success, and completion. The 2013/14 level of state funding is less than what was provided in 2000/01 (13 years earlier), which does not factor in inflation and that CSU is now teaching almost 58,000 more California resident, full-time equivalent students. This 2014/15 Support Budget includes a $237.6 million increase in the state General Fund appropriation and Tuition Fee revenue adjustments of $96.6 million related to changes in enrollment for a total increase in resources of $334.3 million. This plan strikes a balance between an amount that can be reasonably requested from the state and an amount that can be reasonably provided through tuition fee revenues generated by enrollment growth. Development of a 2014/15 budget request on these lines would provide the governor and legislature with an achievable plan for reinvestment in the CSU for the sake of California's economic and social future.

Approved by CSU Board of Trustees - November 6, 2013