LONG BEACH (AP) — California State University presidents and other executives will receive an across-the-board 2 percent pay increase.

CSU trustees approved the pay hike at their meeting Tuesday in Long Beach.

According to the university system, CSU executive pay lags about 25 percent behind when compared to other markets. The salary increase will cover chancellors, presidents and vice chancellors serving 460,000 students enrolled in 23 campuses across the state.

Several speakers at the meeting spoke against the executive pay raise, saying faculty salaries have languished and the CSU board’s priorities are misplaced.

Faculty salaries are currently being negotiated. CSU has proposed a 2 percent raise, which speakers Tuesday said is negligible when compared to executive pay.

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