Governor Gray Davis proposed a $267.9 million or nearly 12 percent increase in the 2001/02 general fund budget of the California State University today (Jan. 10). The increase, when combined with the $23.6 million in projected fee revenue from enrollment growth, would bring the total CSU base state budget to about $3.5 billion.
"Time and time again the Governor has demonstrated his strong commitment to higher education. This budget is another example of that," said CSU Chancellor Charles B. Reed. "State support for the California State University budget has increased by nearly $834 million over the last three years, and this budget would continue that remarkable investment in the California State University's future."
The budget focuses on four key areas: ensuring student access at a time of rapidly increasing enrollment; maintaining a high quality education, in part through recruiting and retaining the best faculty and staff; improving student academic preparation through K-12 collaborations; and contributing to California's economy and workforce development by investing in key academic programs.
The Governor proposed a $62.3 million increase for an additional 8,760 full-time equivalent students predicted to enroll in 2001/02. An additional $16 million has been allocated to support year-round operations for 3,138 full-time equivalent students to attend in the summer.
The Governor also proposed an increase of $81.5 million for a 4 percent compensation pool for all CSU employees to keep salaries competitive and reward outstanding performance. The CSU has also requested an additional 2 percent employee compensation increase, and will work with the state to secure those funds by the May budget revise.
The 2001-02 budget is consistent with the Governor's Higher Education Partnership Agreement, which brings stable, long-term funding to the CSU in exchange for a commitment by the CSU to be accountable through specific performance measures.
Budget items within the partnership agreement include:
In addition, funding in the Governor's budget beyond the partnership includes:
The CSU will continue to work with the state to fund the following items that were included in the Trustees' budget request but not yet in the Governor's budget:
The 2000/01 budget request does not include any student fee increases. The annual CSU fee of $1,428 has not increased since 1994 and is among the lowest in the nation.
NOTE: The increase in the CSU budget announced by the Governor and the CSU vary slightly because different base budgets are used due to differences in accounting practices for carry forward funds, retirement benefits, one-time funds, and fee revenues.
| Public Affairs Offices/Campus News
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