July 2, 2012
The budget passed by the legislature and signed into law by the Governor provides
essentially a flat budget for the CSU. The enacted budget includes the $250 million
trigger cut to the CSU if voters reject the Governor’s tax measure this November.
We at CSUSM are proceeding with our current budget planning, which includes contingency
plans should the ballot measure fail and the trigger cuts be implemented. For information
on steps already taken, see my earlier budget message: www.csusm.edu/president/blog/2011.2012/052912budgetupdate.html.
There will no doubt be continued uncertainty through the summer and until the November election. There are several components of the budget bill and increasing mandatory costs that require further analysis to determine their impact on our budget planning. The enacted budget also included a $125 million appropriation to the CSU for the 2013-2014 fiscal year to buy out fee increases IF the November ballot measure passes AND the CSU agrees to rescind the tuition fee increase in the 2012-2013 year, which would be dependent upon the board of trustees action. This would leave the CSU with a one-time loss of $132 million to address in the 2012-2013 fiscal year. The Board of Trustees will review the analysis of the budget and options at their July meeting.
I will continue to share relevant budget information as we receive it. Thank you for your continued hard work and efforts on behalf of our students and this University.