May 2023

Universities

CSU Spending Proposals Under Governor's Budget and May Revision

General Fund Changes, 2023-24 (In Millions)

  Governor's Budget May Revision Change
Ongoing Spending      
Base augmentation (5 percent) $227 $227 —
Debt service for student housing projectsa — 45 45
Retiree health benefit cost increase 37 37 —
Debt service for various capital outlay projectsb 27 27 —
Debt service for CSU Humboldt polytechnic transitionc — 16 16
Debt service for CSU Chico Human Identification Lab — 3 3
CENIC cost increased —e —e —
Pension cost increase 3 — -3
Subtotals ($294) ($355) ($62)
One-Time Initiatives      
Science and Technology Policy Fellows programf $10 $10 —
Subtotals ($10) ($10) (—)
Totals $304 $365 $62
       
a The May Revision proposes to remove $655 million one-time General Fund provided or planned for student housing projects in 2021-22 through 2023-24 and instead provide funding for CSU to debt finance these projects using university bonds.
b The Governor's budget proposed to remove $405 million one-time General Fund provided for six capital outlay projects in 2022-23 and instead provide funding for CSU to debt finance these projects using university bonds. The May Revision proposes to remove $330 million in one-time General Fund provided for five of those projects, with no adjustment to the amount provided for debt financing.
c The May Revision proposes to remove $201 million one-time General Fund provided for this purpose and instead provide funding for CSU to debt finance these projects using university bonds.
d The 2021-22 budget agreement included intent to provide these funds.
e Less than $500,000.
f The 2022-23 budget agreement included intent to provide these funds.