The governor’s budget cut $650 million from the CSU system this school year, but left a “trigger” mechanism in place to automatically make deeper midyear cuts if projected state revenues did not materialize. The budget assumed an additional $4 billion in revenues, primarily from sales and personal income taxes. If the estimate is short by $1 billion or more, an additional $100 million will be cut from the CSU system by Jan. 1. The budget would also cut $100 million from the UC system, $30 million from community colleges, $248 million from various health and human services programs, and $115 million from certain public safety programs… Lawmakers did not specify if the $100 million cut would be a one-time or permanent cut to the CSU budget.

Read full article [here].
by Sam Pearson, The State Hornet.

Posted: September 7th, 2011, by: admin. Categories: . Awaiting Comments.