CSU Trustees to Review 2004-05 Proposed Budget at Oct. 31 Meeting
Contact: Clara Potes-Fellow, (562) 951-4806, firstname.lastname@example.org
Trustees are expected to approve budget options that recognize mandatory costs for the CSU for $57.4 million, a partnership funding request for $206.5 million that includes a 3 percent enrollment growth equivalent to 10,047 full time equivalent students, and a request to backfill current-year budget cuts of $234.6 million.
“While we recognize the state’s current budgetary challenges, we believe that we need to request a budget that fully reflects the university’s needs for the coming year,” said CSU Chancellor Charles B. Reed. “The work that the CSU does is vital to California’s economic prosperity, and the only way the CSU can stay on track is if it receives the funding it needs to support its current and future students.”
Once adopted by the Trustees, the budget will represent CSU’s strategic approach for discussions with the state Department of Finance.
In fiscal year 2003-04 the CSU budget reduction resulted in a net fiscal impact of $304 million resulting in a total General Fund allocation of $2.49 billion.
The budget development process includes the following schedule:
The CSU Board of Trustees will meet Friday, October 31, 2003, at 8:30
a.m. at the Office of the Chancellor—Dumke Auditorium, 401 Golden
Shore, Long Beach, CA 90802. The agenda is online at
Last Updated: October 23, 2003