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May 2020

Universities

Comparing CSU Spending Proposals Under Governor's Budget and May Revision

General Fund Changes in 2020-21 (In Millions)

  Governor's Budget May Revision Change
Ongoing      
Base increase (5 percent) $199 -$199
Pensions 23 17 -6
Retiree health benefits 31 31
Summer financial aid -6a -6
Base reduction (10 percent) -398a -398
   Subtotals ($253) (-$356) (-$609)
One Time      
Extension education $6 -$6
Totals $259 -$356 -$615
       
The May Revision includes a budget control section that would backfill these reductions were the state to receive sufficient additional federal relief funding.