Schwarzenegger signs budget, CSUs lose $255 million
February 20, 2009 11:29 PM
Over 100 days have gone by as California leaders finally came to a budget compromise this week for Gov. Arnold Schwarzenegger to sign Friday afternoon.
The signing of the budget closes the $42 billion deficit in California, but this was not a time to celebrate as cuts were made across the board including the California State University system.
CSU officials said that the budget reduces the current fiscal year, 2008-2009, by $97.6 million and calls for an additional $66.3 million cut for 2009-2010.
The governor said that federal funding will replace the $255 million cuts in the CSU budget.
"While we recognize the severity of the state's fiscal crisis, the budget does not provide the resources the system needs to meet the needs of our students and fund our operations," said CSU Chancellor Charles B. Reed.
Reed stresses that the cuts will affect the quality of services for the 450,000 students enrolled in the CSU.
Measures to save costs have already been initiated. They include a reduction in admissions, a hiring and pay freeze this year and the shut down of several campus projects including SF State's construction of the J. Paul Leonard Library.
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