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    Cal State faces budget gap of $1.5 billion; report recommends tuition hikes

    LOS ANGELES — A new report reviewing California State University's finances found the system is paying only about 85% of what it actually costs to meet student, staff and institution needs, creating a funding gap of almost $1.5 billion. The months-long review found a 14% disparity between what Cal State spent in its 2021-2022 year and what it actually costs to educate its students, pay faculty ...
    by Grace Toohey, Los Angeles Times May 26, 2023 3 minutes
    College Park building where the office of the president is located on the campus of California State University, Fullerton, on May 18, 2023, in Fullerton, California.

    LOS ANGELES — A new report reviewing California State University's finances found the system is paying only about 85% of what it actually costs to meet student, staff and institution needs, creating a funding gap of almost $1.5 billion.

    The months-long review found a 14% disparity between what Cal State spent in its 2021-2022 year and what it actually costs to educate its students, pay faculty and staff salaries and keep its vast 23-campus network running, according to released this week. The gap means staffing positions remain vacant and maintenance projects get deferred.

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