A $4.5 billion budget for 207-08 was approved Tuesday, Nov. 14 by the California State University Board of Trustees. The budget would give the system a $266.8 million increase over the current budget.

BUDGET MAIN HIGHLIGHTS

$76.7 million for 2.5 percent resident student enrollment growth.

$82.8 million for a 3 percent compensation pool for all employee groups.

$46 million to reduce salary gaps.

$42 million for mandatory cost obligations, including $28 million for health care increases.

If the state approves the budget, the CSU system will continue to have the lowest undergraduate fees among California’s higher education institutions, according to the CSU website.

According to the website, the 2007-08 budget “provides $83 million for a 3 percent compensation pool and $47 million to fund the second year of the five-year plan to close employee salary gaps.”

Check back to The State Hornet website for more information.

Jamie Gonzales Can be reached at [email protected]