CSU budget for next year passes
November 17, 2009 4:53 PM
The CSU Board of Trustees Finance Committee adopted a new support budget request for the 2010-11 to the state of California Tuesday afternoon.
The plan is described as a "recover and reinvest" budget and asks for a total of $884 million.
The board met in Long Beach, Calif., and was broadcast live via Internet.
In a press statement, California State University Chancellor Charles B. Reed called it "a very ambitious budget."
The plan also calls for a $296 million to restore funding in higher education; a ten percent fee increase is also included.
Last week, CSU officials said they had cut 4,000 students for the fall 2009, and an expected 6,000 for the spring 2010.
CSU officials will now send the budget plan to the State Department of Finance.
The board also heard a student fee report for the 2009-10 academic year, which explained that the fee average of the CSU's is $4,893, and set aside 1/3 of the state university fees for financial aid.
Even with the significant fee increases, the CSU's still remain the lowest than all but one comparable institution, according to a finance committee member.
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