VIDEO: In today's report, Dan Walters says bad news for CalPERS may be good news for Gov. Jerry Brown.
Brown's tax initiative - aka Proposition 30 - will be top of mind for California State University trustees as they gather for their board meeting today in Long Beach. On the agenda is a major discussion about what CSU will do if voters reject the tax measure in November, triggering a $250 million cut to the university system.
Two contingency plans are on the table. The first raises student tuition by $150 in January and trims employee pay and benefits by 2.5 percent. The second option keeps tuition level but cuts enrollment by 6,000 students and trims employee compensation by 5.25 percent.
"Nothing but difficult trade-offs" was how Assistant Vice Chancellor Robert Turnage described the situation Monday.
CSU is also looking at saving money by having professors spend less time on research and committee work (and more time in the classroom), increasing tuition by $1,000 for out-of-state and international students, and charging students more for any class they repeat more than once or take beyond 16 credits each semester.
A decision on the contingency cuts is expected in September. Read all the details here.
CSU trustees are also voting today on compensation packages for seven campus presidents, including three who will make more than their predecessors because they're in line for salary supplements from campus foundations.
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