Thursday, January 10, 2008

Governor's 2008-09 Budget Proposal

Governor Schwarzenegger has declared a fiscal emergency for 2007-08 and called the legislature to meet in extraordinary session to address the emergency.

The governor also released his 2008-09 state budget proposal. Here's the Higher Education section of the governor's press release:

The Governor's 2008-09 budget proposal provides $21.7 billion for Higher Education priorities, an increase of $1.6 billion above the revised 2007-08 budget. Highlights include:
  • University of California (UC): $5.5 billion ($3.2 billion General Fund), a net increase of $81.3 million compared to the revised 2007-08 budget.
  • California State University: $4.4 billion ($2.9 billion General Fund), a net increase of $35.1 million compared to the revised 2007-08 budget.
  • California Community Colleges: $9.1 billion ($6.6 billion from General Fund and Proposition 98), an increase of $146.5 million ($144.1 million General Fund and Proposition 98) above the revised 2007-08 budget.
  • California Student Aid Commission: $921.3 million ($890.5 million General Fund), an increase of $47.6 million General Fund above the revised 2007-08 budget.
  • Higher Education Initiatives: Includes $5 million from the Public Transportation Account for UC's Institute of Transportation Studies to develop integrated land use and transportation models that can measure the impact of actions by local governments on greenhouse gas emissions; and continued funding for initiatives to boost career technical education, help at risk community college students and address shortages of science and math teachers and nurses.
  • $1.8 million General Fund to establish an education benefit program for members of the California National Guard. Learn more about this proposal at http://gov.ca.gov/issue/veterans-military.

Links:

Posted by Editor at 11:33 AM
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