EdBudget Figures
May 2023
Higher Education
Higher Education Budget Solutions Under Governor's Budget and May Revision
General Fund (In Millions)
| 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | |
| Governor's Budget | ||||||
| Financing Changesa | ||||||
| CSU Bakersfield Energy Innovation Center | -$83 | |||||
| CSU San Diego Brawley Center | -80 | |||||
| CSU San Bernardino Palm Desert Center | -79 | |||||
| CSU University Farms | -75 | |||||
| CSU Fullerton Engineering/Computer Science Hub | -68 | |||||
| CSU San Luis Obispo Swanton Pacific Ranch | -20 | |||||
| CSU new associated debt service | $27 | $27 | $27 | $27 | ||
| Subtotals | (-$405) | ($27) | ($27) | ($27) | ($27) | |
| Funding Delays | ||||||
| Housing Revolving Loan Fund | -$900 | -$250 | $1,150 | |||
| Student Housing Construction Grants | -250 | 250 | ||||
| CSAC Golden State Education and Training Grant Program | -$400 | 200 | 100 | $100 | ||
| UC Los Angeles Institute of Immunology and Immunotherapy | -$100 | -100 | 200 | |||
| UC Berkeley Clean Energy Project | -83 | 83 | ||||
| UC Riverside and UC Merced campus expansion projects | -83 | 83 | ||||
| Subtotals | (-$400) | (-$100) | (-$1,416) | ($566) | ($1,250) | ($100) |
| Totals Under Governor's Budgetb | -$400 | -$505 | -$1,389 | $593 | $1,277 | $127 |
| May Revision | ||||||
| Financing Changesa | ||||||
| CSU Bakersfield Energy Innovation Center | -$83 | |||||
| CSU San Diego Brawley Center | -80 | |||||
| CSU San Bernardino Palm Desert Center | -79 | |||||
| CSU Fullerton Engineering/Computer Science Hub | -68 | |||||
| CSU San Luis Obispo Swanton Pacific Ranch | -20 | |||||
| CSU student housing construction grants | -$311 | -188 | -$157 | |||
| CSU Humboldt campus expansion | -201 | |||||
| UC student housing construction grants | -389 | -48 | ||||
| UC Berkeley Clean Energy Project | -83 | -83 | -83 | |||
| UC Riverside and UC Merced campus expansion projects | -83 | -83 | -83 | |||
| CSU new associated debt service | 88 | 88 | $88 | $88 | ||
| UC new associated debt service | 63 | 63 | 63 | 63 | ||
| Subtotals | (-$901) | (-$683) | (-$219) | (-$15) | ($151) | ($151) |
| Funding Delays | ||||||
| Housing Revolving Loan Fund | -$900 | -$250 | $1,150 | |||
| UC Los Angeles Institute of Immunology and Immunotherapy | -$100 | -100 | 200 | |||
| CCC student housing construction grants | -95.4 | 95.4 | ||||
| Subtotals | (-$100) | (-$1,095) | ($45) | ($1,150) | ||
| Funding Reductions | ||||||
| CSAC Golden State Education and Training Grant Program | -$480 | |||||
| Totals at May Revisionb | -$1,381 | -$783 | -$1,315 | $31 | $1,301 | $151 |
| a These budget proposals entail rescinding General Fund appropriations for certain capital projects, with the universities instead financing the projects using university bonds and state General Fund being used to make associated debt-service payments. | ||||||
| b Governor's budget achieved net General Fund savings of $297 million over the period, compared to $2 billion at May Revision. Under the May Revision, however, the state incurs higher ongoing costs ($27 million under Governor's budget, compared to $151 million at May Revision). | ||||||