I heard California received Federal stimulus money to be passed on to state universities. What does this mean for the CSU?
The CSU did receive funds, but because they were already specifically anticipated, they do not represent significant changes to our overall budget. The 2009-10 budget amendment enacted in February included $255 million of Federal stimulus money to offset a $255 million reduction in the state appropriation for the CSU’s base budget. Earlier in the month, Governor Schwarzenegger filed an application with the Federal government to receive the funds. Because these funds were part of the already-approved budget, they are not new and do not change the CSU’s budget situation. However, the Governor also requested an additional one-time $13.5 million which may somewhat offset the $50 million that had been planned for the 2009-10 budget.
Related Questions
- I have heard that the CSU released additional previously received Federal Stimulus Funds to the campuses. How much money did we get and what will it be used for?
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