President's Video Update for Jan. 31
The proposed $500 million reduction to the CSU's 2010-11 budget will translate into a $25 million cut, or 20 percent, to Cal Poly Pomona's general fund allocation of $124 million.
About 84 percent of the CSU's total operating expenditures goes to faculty and staff compensation and benefits. "As we look to 2011-12, we clearly cannot address the best-case scenario of cuts without making painful decisions about what this university can - and cannot - support," Ortiz says."
In the coming weeks, each CSU campus will be preparing a first-phase budget contingency plan. At Cal Poly Pomona, campus stakeholders will give input into the plan, which is due to the Chancellor's Office by March 1.
Despite the budget woes, a CSU education is still one of the best values in the country. According to a Education Trust, a nonprofit advocacy group, Cal Poly Pomona is ranked 14th among the most cost-efficient universities (with more than 15,000 students) in the nation. Also, Cal Poly Pomona graduates have an average salary of more than $48,000 after graduation, with mid-career salaries at more than $93,000.
"No question, we are California's best hope for a brighter economic future. You are likely someone who has benefited from this university or another public institution," Ortiz says. "As I have done in the past, I strongly encourage each of you to take every opportunity to advocate for the CSU - especially to our elected leaders."
"Your voice is needed more than ever. We need you to help us get through these turbulent times."
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To read the entire message, a PDF of the transcript is available online.