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Governor’s May Revision Proposes a $3.6 million increase to support Nursing Programs
Revision Fully Funds CSU’s Budget Request
(May 14, 2007) -- Governor Schwarzenegger’s May Revision of the state budget fully funded the Compact for the 2007-08 California State University budget and proposed a General Fund augmentation of $3.6 million to support approximately 340 additional undergraduate nursing students.
“We appreciate and fully support the governor’s direction to increase the number of nursing students,” said Richard P. West, CSU executive vice chancellor and chief financial officer. “California hospitals and quality health care facilities keep telling us that they have record-setting demands for professional nurses. This additional funding may facilitate a five percent increase in nursing graduates.”
The Governor’s May Revise fully funded the Compact for the CSU budget of $290 million, consistent with the January budget, that includes a 10 percent student fee increase or $97.7 million in revenue necessary to support the CSU budget, including funding for financial aid.
The May Revision did not restore the $7 million in Outreach and Academic preparation programs that was deleted in the Governor’s January budget. The Senate Budget Subcommittee on Education has already restored this funding, while the Assembly has yet to take an action.
The proposed budget provides $3 billion from the state General Fund and $1.3 billion from student fee revenue.
CSU Budget Expenditure Highlights
An executive summary of the 2007-08 Support Budget may be found as part of the Board of Trustees November agenda documents here.
The California State University is the largest system of senior higher education in the country, with 23 campuses, approximately 417,000 students and 46,,000 faculty and staff. Since the system was created in 1961, it has awarded nearly 2.5 million degrees, about 86,000 annually. 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: May 15, 2007