Cash for campuses
Feds allocate millions for struggling CSU system
Chico State President Paul Zingg shared good news with faculty and staff members who are struggling right along with the California State University system due to the state’s financial crisis.
The campus is being awarded just more than $1 million—its share of $25 million being distributed to the 23 campuses around the state. The money is part of $77.5 million in additional funding the system is receiving from the federal Education Stabilization Fund.
In an e-mail to Chico State faculty and staff, Zingg said CSU Chancellor Charles Reed is planning to reserve the remaining funds due to the state’s financial uncertainty.
Zingg stressed that the money is “one-time funds” that will help campuses in the short-term. He noted that the money does not come close to replacing $564 million cut in state funds that the system is dealing with this year. The university chief will meet with other campus leaders to determine how best to use the funds.