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CSU Support Budget: Addressing the Challenges and Choices

CSU Support Budget: Addressing the Challenges and Choices. Benjamin F. Quillian, EVC and CFO Ephraim P. Smith, EVC and CAO Robert Turnage, AVC for Budget July 17, 2012 Board of Trustees Information Item. Structural Budget Deficit.

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CSU Support Budget: Addressing the Challenges and Choices

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  1. CSU Support Budget: Addressing the Challenges and Choices Benjamin F. Quillian, EVC and CFOEphraim P. Smith, EVC and CAORobert Turnage, AVC for Budget July 17, 2012 Board of Trustees Information Item

  2. Structural Budget Deficit • Tuition, efficiencies and cost reductions do notfill the massive budget hole created by state cuts Over$130 million structural deficit remains • Ongoing solutions needed to close the deficit, even if the tax measure passes

  3. 2012-13 Budget Implications & Tuition Rollback $309 million loss $427 million loss

  4. Alternative Trigger Strategies Two options, one goal: Protect Quality and Access • Shared components of both plans: • Reducing employee salary and benefit costs • Reducing faculty assigned/release time • Improving access to courses • Increasing nonresident tuition • Using one-time funds, including Continuing Ed

  5. Preserving Access – Trigger on Trigger Dollars in millions

  6. Preserving Price – No Tuition Trigger Dollars in millions

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