Chancellor: CSU in "Mega-meltdown"

Chancellor Reed describes the CSU's financial situation as a mega-meltdown in today's San Francisco Chronicle:

Just as the University of California's Board of Regents was voting Thursday morning to cut $813 million from the UC budget, the chancellor of the California State University system announced he will ask trustees to approve a hefty 20 percent fee hike on students next week.

CSU Chancellor Charles Reed said he will also ask for layoffs, unpaid furloughs and a range of other measures Tuesday to save the university system $584 million.

It's nothing short of a mega-meltdown financially, Reed said.

The article lists some of CSU's plans to cut spending, including furloughs, course reductions, freezes on maintenance, construction, travel, and enrollment reduction.

Link

• CSU to join UC in cutting pay, raising tuition (San Francisco Chronicle)