CSU Receives $23.7 Million Mid-Year Budget Cut
Contact: Clara Potes-Fellow, (562) 951-4800, email@example.com
(December 18, 2003) – Reacting to Gov. Schwarzenegger's implementation of mid-year budget cuts announced earlier, CSU Chancellor Charles B. Reed said that the CSU would not cut its outreach programs for low-income students, and will instruct the 23 campuses to implement an additional one percent cut to this year's student enrollment growth.
The CSU received a $23.7 million budget cut today as the Governor used his mid-year budget authority to redirect nearly $150 million in current year spending to provide funds to local governments.
The mid-year budget cut comes on top of a $304 million budget reduction already applied to the CSU's 2003-04 budget.
"The CSU presidents and the campuses have done an extraordinary job during the past year in managing one of the deepest budget cuts the university has ever experienced," said Chancellor Reed. "This additional cut is painful, and will further reduce enrollment growth by 5,000 students."
The cut will reduce CSU's enrollment growth from the 4.3 percent approved in the 2003-04 budget to 3.3 percent. CSU officials have said that the university is not recommending a mid-year student fee increase and that the CSU will continue its commitment to serving enrolled students by providing high-quality, accessible higher education.
The California State University is the largest system of senior higher education in the country, with 23 campuses, approximately 409,000 students and 44,000 faculty and staff. Since the system was created in 1961, it has awarded about 2 million degrees. 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: December 24, 2003