Mar 092010
 
Authors: Madeline Novey

After gathering feedback on the 2010-2011 fiscal budget over several months, university administration will host the last budget hearing today to consider any suggestions before the final draft is sent to the CSU System Board of Governors in May for approval.

The current budget draft will not change much before it’s submitted to the BOG unless CSU gets drastically different news from the state regarding funding in FY11, which is not expected, said Provost Rick Miranda.

There will be some “fine tuning” after today’s hearing, but “That’s the budget we hope to present to the BOG in May,” Miranda said.

The FY11 budget reflects a large decrease in the amount of state appropriations CSU will receive in fiscal year 2011 and a greater dependency on tuition dollars, Miranda said last month. In January, the BOG approved a nine percent tuition hike for next year, a move that administration and student government leaders said was necessary to maintain CSU operations but an unfortunate burden to students.

CSU will receive fewer stimulus dollars in FY11, with funding eventually running out in 2012, the year politicians have called the financial “cliff” in the world of higher education.

The university’s largest expenditure in the FY11 budget is a more than $4.5 million expansion of financial aid. Both need-based and merit-based packages for students will expand.

The hottest item in this year’s discussion was that salaries and benefits will not increase from FY10 to FY11.

People, too, expressed concern over the length of the downturn.

“Sure, everyone around the country is experiencing these downturns,” Miranda said.

Though institutions nationwide are experiencing massive cuts in state funding, Miranda said the hearings represent several checkpoints in CSU’s budget planning process, generating more transparency and community input.

Today’s hearing comes weeks after CSU published its second annual Financial Accountability Report that provides a breakdown of university expenses.

By making financial statistics available not only to CSU administration, but faculty, staff, students, donors and legislators, the university hopes to involve as many voices as it can in current and future budget discussions, CSU’s chief spokesperson Brad Bohlander said in January.

News Managing Editor Madeline Novey can be reached at news@collegian.com.

Attend Final budget hearing for fiscal year 2010-2011

  • *What: *The university community has the opportunity to provide feedback on the FY11 budget before a final draft is sent to the CSU System Board of Governors in May for approval.
  • When: Today, 9 to 11 a.m.
  • Where: Lory Student Center North Ballroom
 Posted by at 5:39 pm

Sorry, the comment form is closed at this time.