May 2024
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. |