CSU Employee Update for July 22

The CSU Board of Trustees finalized a plan to manage a $584 million budget deficit that includes furloughs for employees, a fee increase for students and enrollment reductions for the next two years. The budget deficit, the largest in the CSU's history, is the result of the state's reduced support to the CSU in the face of California's $26.3 billion budget gap. Gov. Schwarzenegger and legislative leaders reached agreement on closing the gap late Monday with the legislature expected to vote on the budget plan Thursday.