New State Budget Honors Higher Education Compact

Governor Arnold Schwarzenegger has signed a new state budget that provides $226 million in new revenue for the California State University, fully funds the trustees' budget request for 2006-07 and provides enough funds to eliminate student fee increases scheduled for fall 2006.

The proposed budget provides nearly $2.8 billion in state General Fund revenue to the CSU, which represents a 7.8 percent increase over the current 2005-06 budget year appropriations. Included in this amount is $54.4 million above the state's General Fund commitment under the Higher Education Compact to eliminate a proposed fee increase of 8 percent for undergraduate and 10 percent for graduate students.

To read more about how the 2006-07 state budget affects the CSU, go to: http://www.calstate.edu/PA/news/2006/budget0607.shtml.