The CSU proposes an $8.1 billion operating budget for 2022-23, with $4.9 billion from the state General Fund and $3.2 billion from tuition and fee revenue. As shown in Table 1, this budget plan is an increase of $715.5 million over the 2021-22 operating budget. It includes significant investments so that the CSU can continue to serve as the key to California’s prosperous economy, consistently ranked as one of the top ten largest in the world. Table 3 outlines the sources and uses of funds that make up the $715.5 million increase.
Table 3: Sources and Uses of Funds
|
General Fund Increase |
$672,980,000
| 94.1% |
| Operating Budget
| 537,980,000
|
| |
| Academic Facilities and Infrastructure | 135,000,000
|
| |
Tuition From Strategic Resident Enrollment Growth
|
|
42,528,000
| 5.9%
|
| TOTAL NEW SOURCES |
$715,508,000
| 100%
|
Graduation Initiative 2025
|
$75,000,000 | 10.5% |
Student Basic Needs
|
20,000,000
| 2.8%
|
Bridging Equity Divide Through Technology
| 75,000,000
| 10.5%
|
Salary and Benefits
|
223,325,000
| 31.2% |
| Compensation Pool
| 209,363,000
| | |
| Health Benefits
| 13,962,000
| | |
|
Academic Facilities and Infrastructure |
135,000,000 | 18.9% |
Strategic Resident Enrollment Growth
| 129,859,000 | 18.1% |
Senate Bill 169 State University Grant Requirement
| 16,835,000
| 2.3% |
Mandatory Costs
|
40,489,000
| 5.7%
|
| Inflation on Non-Personnel Expenditures
| 29,628,000
| | |
| Maintenance of New Facilites
| 3,094,000
| | |
| Minimum Wage
| 7,767,000
| | |
TOTAL NEW USES
| $715,508,000
| 100%
|