VP of finance addresses budget concerns
By | 2011-05-11T00:00:00+00:00 May 11, 2011 | 12:00 am|Categories: News|

Cal State Long Beach’s Vice President of Administration and Finance Mary Stephens addressed Associated Students Inc. senators Wednesday regarding possible budget cuts. Stephens addressed the possible increase in annual tuition by as much as 32 percent, or $1,566, effective in fall 2011. The 32 percent tuition hike is part of a budget contingency plan laid out in preparation for a possible $1 billion reduction in state support to the Cal State University system. Stephens said fall admission is already finalized, but the number of spring applicants admitted by the CSU is still debatable. “The current decision is to accept spring applications, but not to admit [any applicants] until we know what the budget is,” Stephens said. Stephens discussed possible areas for budget savings. She said the university might use temporary mitigations to offset the cuts. If there was a cut of $48 million to $64 million to the CSULB campus, temporary mitigations could help offset the cuts to reduce the impact to $15 million to $30 million. Nevertheless, reductions to the CSULB campus would mean opening fewer buildings during the summer; reducing in-person services and window hours; using the Student Excellence Fund to shelter advising and other student services; and […]

Cal State Long Beach’s Vice President of Administration and Finance Mary Stephens addressed Associated Students Inc. senators Wednesday regarding possible budget cuts.

Stephens addressed the possible increase in annual tuition by as much as 32 percent, or $1,566, effective in fall 2011.

The 32 percent tuition hike is part of a budget contingency plan laid out in preparation for a possible $1 billion reduction in state support to the Cal State University system.

Stephens said fall admission is already finalized, but the number of spring applicants admitted by the CSU is still debatable.

“The current decision is to accept spring applications, but not to admit [any applicants] until we know what the budget is,” Stephens said.

Stephens discussed possible areas for budget savings. She said the university might use temporary mitigations to offset the cuts.

If there was a cut of $48 million to $64 million to the CSULB campus, temporary mitigations could help offset the cuts to reduce the impact to $15 million to $30 million.

Nevertheless, reductions to the CSULB campus would mean opening fewer buildings during the summer; reducing in-person services and window hours; using the Student Excellence Fund to shelter advising and other student services; and reducing tenure track hires for the 2012-13 school year.

Stephens encouraged students to speak to their legislators.

She will be holding additional presentations, open to all students, regarding the budget. The next presentation will be Wednesday at noon at the Anatol Center.


Disclaimer: The Daily 49er is not responsible for Postings made on www.daily49er.com. Persons commenting are solely responsible for Postings made on this website. Persons commenting agree to the Terms of Use of the website. If Postings do not abide by the Rules of Conduct or Posting Regulations as listed in the Postings Policy, the Daily 49er has all rights to delete Postings as it deems necessary. The Daily 49er strongly advises individuals to not abuse their First Amendment rights, and to avoid language suggestive of hate speech. This site also encourages users to make Postings relevant to the article or other Postings.

 

Comments powered by Disqus

Leave A Comment