New budget aimed to 'recover and reinvest'

The California State University Board of Trustees recently adopted its 2010-11 budget proposal, which asks the state to increase funding for the CSU system by $884 million. The budget proposal, which the Board of Trustees calls a "recover and reinvest" budget, would increase state funding from $2.3 billion to $3.2 billion. It aims to recover the cuts imposed in the last two years and to reinvest for long-term needs, according to a CSU press release. "The recommendation is to increase funding for the CSU," said Erik Fallis, spokesman for the CSU Chancellor’s Office. "The state budget process in the last two years resulted in some very drastic cuts to the CSU and a great deal of those cuts are one-time cuts." Over the last two years, state funding for the CSU system has been cut by $625 million. The budget proposal seeks to restore $305 million in one-time cuts, which were imposed this year by the governor and the Legislature.

Read full article [here].
by Kristine Guerra, The State Hornet.

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