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Cal State unveils plan for ‘long overdue’ review of campus finances
['Amy Dipierro']
EdSource
And Cal Maritime, the system’s smallest campus, is being integrated into Cal Poly San Luis Obispo after declining enrollment plunged the campus into a financial tailspin.
Gavin Newsom’s budget proposal earlier this month, which would deliver a 7% increase in state funding to both the California State University and the University of California systems.
That’s a welcome sign for Cal State, which estimates that its overall structural budget gap totals about $2.3 billion.
Trying new ways to attract — and keep — studentsAt the root of many campuses’ fiscal woes is fluctuating and sometimes declining enrollment.
Housing poses ‘elevated financial risk’At some campuses, CSU leaders reported, housing programs have become a risky part of university finances.