May Revise Keeps CSU Budget as Originally Proposed
Contact: Clara Potes-Fellow, (562) 951-4800, firstname.lastname@example.org
(May 13, 2004)--The California State University is pleased that the May Revise conforms to the Higher Education Compact announced Tuesday by Gov. Arnold Schwarzenegger.
While the CSU will have significant cuts in 2004-05, the compact will provide progressive increases beginning in 2005-06 that will permit the system to begin to recover enrollment growth and instructional programs. Details on the compact are available here.
The State Budget May Revision has proposed to keep the California State University's 2004-05 budget with no changes from those originally proposed by Gov. Schwarzenegger in January.
In addition, students will benefit by increased funding for financial aid. The May Revise adds $10.4 million for Cal Grants that will cover the 14 percent proposed fee increase for as many as 38,000 CSU undergraduate students.
The $240 million or 9 percent cut proposed in the January Budget remains in place keeping the 2004-05 CSU General Fund appropriation at $2.4 billion.
Student fees are proposed to increase by 14 percent for undergraduates, 20 percent for teaching credential candidates, 25 percent for graduate students and 20 percent for out-of-state students. 20 percent of the fee increase will be set-aside for financial aid. The CSU Board of Trustees will vote on this proposal on May 19.
Last Updated: May 14, 2004