GOVERNOR SIGNS BUDGET WITH 8.2 PERCENT INCREASE FOR CSUGovernor Gray Davis signed the state budget today (July 26), which provides a $220.9 million increase in the 2001/02 budget for the California State University. The 8.2 percent increase brings the total CSU base state budget to about $3.4 billion.
"We had hoped the budget would have included the compensation increase we requested for our outstanding faculty and staff. However, in a challenging budget year, this funding does provide a percentage increase that is much higher than most universities in the nation are receiving, and it provides full funding for the CSU's significant enrollment growth," said CSU Chancellor Charles B. Reed. "This year's increase means the CSU budget has grown by more than $1 billion over the past four years."
The 2001/02 budget proposal does not include any student fee increases. The CSU annual fee of $1,428 has not increased since 1994 and is among the lowest in the nation.
The Governor provided a $62.3 million increase for an additional 8,760 full-time equivalent students predicted to enroll in 2001/02. An additional $16 million has been allocated to support year-round operations for 3,138 full-time equivalent students attending this summer. The budget also reduced the increase in the employee compensation pool from 4 percent to 2 percent.
In addition to the reduction in the compensation pool, other items removed from the proposed budget in January include: $10 million for workforce preparation and economic development; $8 million for K-12 academic preparation; $4 million for libraries; $4 million for plant maintenance; $1 million for diagnostic writing service; and $1 million for the CSU program for education and research in biotechnology.
Major items remaining in the budget include:
Last Updated: July 26, 2001