California's Public Education, Government Leaders Greet the Arrival of Federal Stimulus Dollars
(April 20, 2009) – California school districts and universities can immediately begin applying for $3.1 billion in American Recovery and Reinvestment Act (Recovery Act) dollars.
The California State University (CSU) and University of California (UC) are expected to share some $537 million in stimulus, some $268 million per system. These funds will partially offset one-time cuts in state higher education funding and are intended to preserve jobs while maintaining vital student services and academic programs.
CSU Chancellor Charles B. Reed took the stage with Gov. Schwarzenegger, UC President Yudof, State Superintendent O’Connell and others to make this announcement at Cabrillo High School in Long Beach, California.
"The world is in the midst of a major transition to a knowledge-based economy and universities are what make the difference," said Reed.
The chancellor announced that the $268 million in federal funds would support the education of more than 35,000 students at CSU campuses.
About the California State University
The California State University is the largest system of senior higher education in the country, with 23 campuses, approximately 450,000 students and 46,000 faculty and staff. Since the system was created in 1961, it has awarded nearly 2.5 million degrees, about 90,000 annually. 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.