The following statement can be attributed to CSU Interim Chancellor Jolene Koester:
“The California State University (CSU) is grateful that, in his 2023-24 January budget proposal, Governor Newsom indicated that he plans to fully fund the second year of the multi-year compact with the CSU. This will result in an increase of $227.3 million in ongoing funding in support of many of the university's key priorities. This proposal, despite uncertainty surrounding the state's economic circumstances, reinforces the administration's commitment to the CSU, it's belief in our mission and appreciation of our successes in transforming the lives of Californians."
On January 10, 2023, Governor Newsom proposed a 2023-24 budget that would allocate $227.3 million in recurring funding for the CSU, a 5 percent general fund increase or 2.85 percent overall increase to the university's operating budget.
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 more than 132,000 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.