Monthly Archives: June 2011

CSU Cuts to Go As High as $1 Billion: Letter from Chancellor Charles B. Reed

Dear CSU Supporter:

Thank you to all our advocates who have contacted your legislators regarding the possible cuts to the CSU. We wanted to take a moment to update you on the recent release of the Governor’s May Revision budget proposal.

Governor’s May Budget — What it Means
The Governor’s proposal retains most of the original budget with regard to tax extensions, but now specifies the implications if they are not part of the final approved budget. The Governor’s proposal for the CSU specifies that without the continuation of these tax revenues, the cut for the CSU will grow from $500 million to $1 billion in 2011-12. Continue reading