Governor Gavin Newsom State Budget 2020-2021
July 7, 2021
State Budget Update –July 7, 2021
2021-22 Final California State Budget
On June 25, Governor Gavin Newsom and leaders of the Senate and Assembly reached consensus on the 2021-22 state budget—leading to one of California’s strongest investments in the CSU. Trustees will review California’s final budget decisions affecting the university’s operating budget.
- The CSU will receive a $550.1 million recurring increase, with a large portion of the increase attributable to a funding restoration that offsets the budget cut from last year. The funds will also support the following (Numbers in millions):
-
- $45.0 Student basic needs and mental health services
- $120.0 Graduation Initiative 2025
- $299.0 Restoration of 2020-2021 General Fund Reductions
- $55.3 Mandatory cost increases
- Other systemwide and campus-specific priorities
- One-time funding will reach nearly $1 billion. Most of the funding is dedicated to one-time facilities and infrastructure improvements throughout the university as well as projects at specific campuses (Numbers in millions):
- $433.0 The conversion of Humboldt State University to a polytechnic university
- $325.0 CSU wide Deferred Maintenance & Infrastructure
- $25.0 Establishment of the Center for Equity in Innovation and Technology at CSUN
- $60.0 Infrastructure improvements at Dominguez Hills
- $54.0 A building replacement/renewal at Stanislaus’ Stockton Center
- $10.0 Stop Asian and Pacific Islander Hate at San Francisco
- Other smaller campus projects
- The budget also contains a number of other decisions that will benefit CSU students including expansion of eligibility for Cal Grants and increased financial aid through the Middle Class Scholarship program.
You can see the offcial 2021-2022 proposed State Budget below.
http://www.ebudget.ca.gov/2021-22/pdf/Revised/BudgetSummary/FullBudgetSu...