CSULB 2009-10 Budget Results and 2010-11 Preliminary Budget Outlook
CSULB 2009-10 BUDGET RESULTS
| Budget reductions, cost increases | Permanent | One-Time | Total |
|---|---|---|---|
| Campus share of $571.1M | $(44,076,600) | $(44,076,600) | |
| Campus share of $77.5M | $ (5,574,700) | (5,574,700) | |
| Mandatory costs increases | (2,101,700) | (2,101,700) | |
| Campus priorities | (2,347,300) | (2,347,300) | |
| Total budget reductions, cost increases | $(48,525,600) | $(5,574,700) | $(54,100,300) |
Budget Reductions, Cost Increases
For 2009-10, the state reduced the CSU budget by $571.1 million. This consisted of the $50M reduction tied to the federal stimulus funds “trigger”, the $255M Governor’s line-item veto, and the $266.1M Governor’s unallocated reduction. The CSU Chancellor’s Office apportioned $44M of that to the Long Beach campus. In addition, the state levied a one-time $77.5M CSU reduction and Long Beach’s share of that was $5.6M. CSULB has $4.5M in mandatory cost increases associated with health benefits, utilities, the faculty PPI salary program, and new space adjustments. CSULB has identified campus priorities of $1.8M for the comprehensive fundraising campaign and $500 thousand for classroom maintenance. CSULB’s total budget problem was over $54M.