The Cal State University has decided to take the state’s tuition buyout deal should Gov. Jerry Brown’s tax measure pass this November, according to CSU Spokesman Erik Fallis.
In July, Brown signed an education trailer bill that would promise an extra $125 million in state funding to the CSU in 2013-14 should the system agree to rescind its nine percent tuition increase this year, which it has already started collecting. This would require the CSU to refund students who have already paid fees toward tuition.
Any action on the CSU’s side depends on the passage of Brown’s tax measure. If the measure fails, it would set in motion a $250 million trigger cut to the CSU’s budget.
It would also create a $132 million hole in the CSU’s budget for 2012-13.
Fallis said the CSU is currently working with the state to find a way to fill the hole.
“Obviously if you have a gap, you have to fill it somehow,” Fallis said. “We are going to work with them on identifying some one-time funds that we would have the authority to bring.”