May 2024

Universities

CSU Spending Proposals Under Governor's Budget and May Revision

General Fund Changes, 2024-25 (In Millions)

  Governor's Budget May Revision Change
Ongoing Spending      
Retiree health benefit cost increase $64 $64
CalVet tuition waiver expansion 6 $6
CENIC cost increase a a
Pension cost adjustment -129 -135 -7
One-Time Changes      
Base reduction -$75 -$75
Totals -$65 -$141 -$76
       
a The 2021-22 budget agreement included a five-year plan for covering higher CENIC charges. The annual funding increase in 2024-25 is $152,000.
CalVet = California Department of Veterans Affairs. CENIC = Corporation for Education Network Initiatives in California.