Image of California's Capitol Building with copy "Budget News" across the front.
Press Release Budget

CSU Statement on Governor’s May Revision 2023-24 Budget Proposal



Image of California's Capitol Building with copy "Budget News" across the front.

California Governor Gavin Newsom announced the May Revision of his administration's 2023-24 state budget proposal, including funding for the California State University (CSU). The May Revision maintains the same level of additional unallocated, ongoing funding for the CSU—$227.3 million—that the governor had proposed in January as part of the multi-year compact.

“We are very grateful for the ongoing support of the CSU represented in the revised budget proposal, especially given the state's worsening fiscal challenges," said Interim Chancellor Jolene Koester. “By maintaining the commitments of the multi-year compact, the administration has demonstrated its belief in the CSU's mission and the transformative power of higher education for Californians from all backgrounds."

About the California State University

The California State University is the largest system of four-year higher education in the country, with 23 campuses, nearly 460,000 students, and 56,000 faculty and staff. Nearly 40 percent of the CSU's undergraduate students transfer from California Community Colleges. The CSU was created in 1960 with a mission of providing high-quality, affordable education to meet the ever-changing needs of California. With its commitment to quality, opportunity and student success, the CSU is renowned for superb teaching, innovative research and for producing job-ready graduates. Each year, the CSU awards nearly 130,000 degrees. One in every 20 Americans holding a college degree is a graduate of the CSU and our alumni are 4 million strong. Connect with and learn more about the CSU in the CSU NewsCenter.​