29_35x90 knx_35x90

Local

CSU Gives Final Approval To Tuition Increase If Prop. 30 Fails

View Comments
(credit: Kevork Djansezian/Getty Images)

(credit: Kevork Djansezian/Getty Images)

Election Returns
Photo Galleries

LONG BEACH (CBSLA.com) — The California State University Board of Trustees gave the final approval Wednesday on a plan that would raise tuition by 5 percent if voters reject Proposition 30 in November.

The contingency plan would only be implemented to cover an estimated $250 million budget cut across the 23 campuses which would occur if Gov. Jerry Brown’s tax initiative – which would increase sales and income taxes – is defeated.

The plan, which would be in effect in January, includes the tuition increase of $150 more per semester for in-state students. That would mean these students would have to pay a total of $3,135 per semester, or $6,270 per year.

Tuition would raise 7 percent for out-of-state students — $810 more per year – costing them $11,970 total.

If Prop. 30 passes, it would increase the state sales tax by a quarter-cent per dollar for four years and raise the income tax for those who earn more than $250,000 annually for seven years. CSU would then rescind a previously approved 9 percent tuition increase that went into effect this fall.

RELATED STORIES:

CSU Approves Plan To Raise Tuition If Tax Measure Fails

CSU Trustees Weigh More Tuition Hikes Ahead Of Prop. 30 Vote

(©2010 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

View Comments
blog comments powered by Disqus