CSU faculty, staff to get 3 percent raises

FORT COLLINS – The Board of Governors of the Colorado State University System on Wednesday approved CSU’s budget for fiscal 2012-13, including the first salary increase for faculty and staff in four years.

The budget, effective July 1, also includes a 9-percent tuition increase for resident undergraduates.

CSU’s budget includes state funding and tuition dollars, but does not include self-funded programs or research support. The general budget is $459 million, an increase of 6 percent from last year. The budget for the entire university is about $900 million, up about 4 percent from the previous year.

In addition to the tuition increase for residents, undergraduate nonresident tuition will increase 3 percent from last year.
Overall state funding provided to Colorado State will decrease by $2.25 million for the 2012-13 fiscal year to $91.2 million. Last year, state funding decreased by $23 million, and over the last four years, state funding has decreased by a combined total of more than $39 million.
CSU had been racing for bigger cuts. Projections last fall signaled the potential for a much larger cut in state funding, which would have meant big reductions in financial aid and operating budgets.

The worst-case scenario, however, did not materialize, CSU said in its release.

Instead, the improving economy means CSU will be able boost salaries for faculty and staff by 3 percent.

It will be the first salary increase for employees since the 2008-09 fiscal year.
The system also was able to afford a $3.1 million, or 11-percent, increase in financial aid for low-income families hoping to send their children to college.

“After three years of some of the toughest budgets in CSU history, we’re very pleased to bring forward a budget that keeps tuition increases in the single digits and provides the first pay increase to our employees in four years,” CSU President Tony Frank said in a statement. “While we’re still taking a reduction in state funding, it’s far less than what we had built into our original budget planning last fall.”
Fiscal year 2012-13 annual tuition rates for CSU will be:


  • Resident undergraduate – $6,875
  • Non-resident undergraduate – $22,667
  • Resident graduate – $8,392
  • Non-resident graduate – $20,572

Additionally, fees for full-time on-campus students at CSU are exected to increase $39, or 2.2 percent, pending an OK by the Associated Students of CSU.

The average cost of room and board at CSU will grow by $558, a 5.8 percent increase.

The total cost of attending CSU – tuition, fees and room and board – is expected to increase 6.6 percent over the prior year, a change of $1,165.

Frank used the news to repeat one of his key messages: The cost of educating a student at Colorado is the same as it was 20 years ago on an inflation-adjusted basis.

But what has changed is that 20 years ago, two-thirds of the cost of a CSU education was paid for by the state. Today, that ratio has flipped — individual students and their families pay for two-thirds of the cost, with the state paying one-third.

“While this budget contains much good news compared to recent years, it continues to reflect the privatization of public higher education in Colorado, with state support declining and students paying a greater share through tuition,” Frank said. “It is a fundamental challenge facing higher education in Colorado and throughout the nation.”


Molly Armbrister covers real estate, banking and health care for the Northern Colorado Business Report. She can be reached at 970-232-3139, marmbrister@ncbr.com or twitter.com/MArmbristerNCBR

RSS

RSS

RSS

RSS

RSS

Advertising

Social Network

 
Facebook Icon
Twitter Icon
LinkedIn Icon