Date: 07/24/2006

Last week, the Board of Trustees of the California State University received a report on the 2006/07 state budget recently signed by the governor. According to Patrick J. Lenz, assistant vice chancellor, the budget anticipates revenue for the CSU that includes $2.7 billion from the state general fund and just over $1 billion in student fee revenue. Not only is there full funding of the Compact for Higher Education for steady increases in higher education funding, but additional funding for K-12 math and science teacher preparation, nursing programs, and funding to support the "buy-out" of student fees. In all, the CSU's budget is increased by $202.1 million, or 7.8 percent over the 2005/06 budget. Read about other notable changes.