Representatives from the California State University were in Sacramento on May 24, 2010 to meet with legislators in support of Governor Schwarzenegger’s 2010-2011 proposed budget for higher education. The budget restores a $305 million one-time cut to the CSU’s current budget and includes an additional $60.6 million in funding for CSU’s enrollment growth.
"The reinvestment in higher education is essential for California’s recovery and we appreciate the Governor’s continued support,” said CSU Chancellor Charles B. Reed. "Our hope is for the legislature’s approval of the budget, so we can begin to restore access and service to students across the system."
With the timely adoption of the Governor’s budget, CSU estimates that it could serve as many as 29,000 more students in 2010-2011.
A recent economic report found that the CSU supports more than 150,000 jobs statewide, annually. If the impact of higher earnings for CSU alumni is included, the number of jobs supported jumps to nearly half a million. The engine driving job creation is more than $17 billion in economic activity that directly results from CSU-related spending that generates $5.43 for every dollar the state invests.
California State University, Stanislaus President Hamid Shirvani joined Reed and delegations from the CSU’s 23 campuses to advocate in support of the governor’s latest budget revision. According to the CSU’s economic impact study, CSU Stanislaus impact on the state and the region are enormous. Annual spending related to CSU Stanislaus generates a total impact of $169 million on the regional economy and nearly $268.6 on the statewide economy. This impact sustains more than 2,000 jobs in the region and nearly 2,300 jobs statewide.