California legislators approved a $297.9 billion spending plan, including cuts for UC and CSU but preserving funds for community colleges and the Middle-Class Scholarship. The budget aims to address a $47 billion deficit.
UC and CSU will see a 5% increase in funding through multiyear compacts, but face one-time reductions and operational funding cuts. Increases under the compacts are deferred to future years, impacting budget planning.
CSU chancellor acknowledges the funding increase amid a $200 million gap, highlighting ongoing fiscal challenges. Additional cuts and deferrals could worsen financial issues and affect cost-saving efforts at the 23 CSU campuses.
#california-legislators #higher-education-budgets #middle-class-scholarship-program #fiscal-challenges #budget-deficit
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