EdBudget Figures
September 2023
Higher Education
46 Higher Education Capital Projects Approved for Debt Financing in 2023-24
Projects to Be Financed Using Revenue Bonds, by Segment (In Millions)
| Project Costa | |
| CCC | |
| Student Housing Projects | |
| Sierra College | $80.5 |
| Compton College | 80.4 |
| San Diego City College | 75.0 |
| Cerritos College | 68.0 |
| Ventura College | 62.9 |
| College of the Canyons | 61.9 |
| Bakersfield College | 60.2 |
| College of San Mateo | 55.9 |
| Consumnes River College | 44.1 |
| Lake Tahoe CCD | 39.4 |
| Fresno City College | 34.1 |
| College of the Siskiyous | 32.6 |
| Napa Valley College | 31.0 |
| College of the Redwoods | 28.4 |
| Santa Rosa Junior College | 15.0 |
| Imperial Valley College/San Diego | 4.6 |
| Subtotal, CCCb | ($773.9) |
| CSU | |
| Student Housing Projects | |
| San Francisco | $116.3 |
| San Marcos | 91.0 |
| San Jose | 89.1 |
| Fullerton | 88.9 |
| Long Beach | 53.3 |
| Dominguez Hills | 48.8 |
| Sacramento | 41.3 |
| Northridge | 37.5 |
| Fresno | 31.1 |
| Humboldt | 27.1 |
| Stanislaus | 18.9 |
| San Diego/Imperial Valley College | 4.6 |
| Project cost overruns | 7.5 |
| Other Projects | |
| Humboldt polytechnic transition | $201.0 |
| Bakersfield Energy Innovation Center | 83.0 |
| San Diego Brawley Center | 80.0 |
| San Bernardino Palm Desert Center | 79.0 |
| Fullerton Engineering and Computer Science Hub | 67.5 |
| San Luis Obispo Swanton Pacific Ranch | 20.3 |
| Chico Human Identification Lab | 55.0 |
| San Bernardino Physician Assistant program facilities | 4.34 |
| Subtotal, CSUc | ($1,245.4) |
| UC | |
| Student Housing Projects | |
| Riverside/Riverside City College | $126.0 |
| Santa Cruz/Cabrillo College | 111.79 |
| Merced/Merced College | 100.00 |
| Berkeley | 100.00 |
| San Diego | 100.00 |
| Santa Cruz | 89.00 |
| Irvine | 65.00 |
| Los Angeles | 35.00 |
| Other Projects | |
| Berkeley Clean Energy Project | $249.0 |
| Riverside campus expansion project | 154.5 |
| Merced campus expansion project | 94.5 |
| Subtotal, UCd | ($1,224.8) |
| Totals | $3,244.1 |
| a Reflects state cost of project (excluding nonstate costs). UC and CSU are to issue revenue bonds to finance the projects. Community colleges may issue local revenue bonds or wait for a state financing alternative to be developed next year as part of the 2024-25 budget process. All of the projects listed were shifted from cash to debt financing as part of the 2023-24 budget process, with the exception of the CSU Chico Human Identification Lab and CSU San Bernardino Physician Assistant program facilities, which were new debt-financed projects (never proposed for cash funding). | |
| b Chapter 189 of 2023 (SB 104, Skinner) provides CCC with an ongoing $61.5 million non-Proposition 98 General Fund augmentation to support the financing of these projects. | |
| c Chapter 38 of 2023 (AB 102, Ting) provides CSU with an ongoing $99.7 million General Fund augmentation to support the financing of these projects. | |
| d Chapter 189 of 2023 (SB 104, Skinner) provides UC with an ongoing $84 million General Fund augmentation to support the financing of these projects. | |