President’s Budget Update
I want to thank everyone for working so hard this spring on the budget planning process and take this opportunity to announce some great news. While the level of uncertainty regarding funding from the State of California and the CSU Chancellor’s Office remains high there have been some recent changes that will provide some relief to the campus budget deficit current forecasts. Recently, the Trustees of the CSU voted to increase fees by 5%, which translates into a revenue increase of about $600,000 to our campus. In addition, the campus has been allocated one-time stimulus funding of about $1.1 million to provide classes for students.
As I explained during the budget reduction planning process in the spring and as reiterated in Provost Strong’s memo of June 18, 2010, the campus has been planning on a budget reduction target for 2010-11 of approximately $6 million. Considering the additional revenues from the fee increase and the one-time stimulus funding, I am revising our target budget reduction downward to $4.3 million based upon what we know at this time.
I fully understand and appreciate the high level of anxiety amongst faculty, staff, and administrators regarding the budget. Therefore, I want to share with the campus community that based on the revised budget reduction target, I will not be authorizing any reductions of tenured or tenure track faculty.
It was important to me that I share with you my decision to avoid layoffs as we start the new fiscal year. Like you, I am hopeful that the Governor and the legislators will agree to restore the nearly $370 million in general funds to the CSU as identified in the Governor’s budget proposal in May. I will keep you up to date of any changes to the budget situation.
I greatly appreciate the outstanding work all faculty, staff, and administrators continue to do in service to our students during these difficult economic times.