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GOVERNOR’S PROPOSED 2012-2013 BUDGET

GOVERNOR’S PROPOSED 2012-2013 BUDGET. As proposed in January 2012. The State’s Budget Problem. Low Economic Recovery Continues Uncertainty and Significant Risks Remain Defining the Budget Gap Temporary Tax Protects Education and Public Safety Alternative to Taxes is Even Deeper Cuts.

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GOVERNOR’S PROPOSED 2012-2013 BUDGET

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  1. GOVERNOR’S PROPOSED 2012-2013 BUDGET As proposed in January 2012

  2. The State’s Budget Problem Low Economic Recovery Continues Uncertainty and Significant Risks Remain Defining the Budget Gap Temporary Tax Protects Education and Public Safety Alternative to Taxes is Even Deeper Cuts

  3. Higher Education Goals Affordability Student Success Stable Funding Sources Fiscal Incentives

  4. Significant Adjustments for California Community Colleges • Apportionments • Increase of $218.3 million to partially restore deferrals • Categorical Program Consolidations and Flexibility • Exceptions: DSPS, TTIP, and Foster Care • Mandate Reform • Redevelopment Agency Elimination • Possible Redesign of Funding Mechanism

  5. What does it Mean for Cuesta College • No COLA • No Growth • No Net Reductions……

  6. No net reductions if the November 2012 Tax Incentive is supported by the voters With the increased structural and inflationary expenses and the deficit covered by the contingency funds in 2011-2012, we will be looking at a deficit of $3,311,264.

  7. What does it mean for Cuesta College? • Mid-year reduction of • 480 FTES • $2,178,928 Resulting in a deficit that includes the cuts, the increase in structural and inflationary expenses, and the deficit covered by contingency funds in 2011-2012, of $5,490,192.

  8. FYI In 2009 EVERY county voted against extending existing taxes 89% of voters believe that “there is a lot or some waste in government.”

  9. FY 2011-2012

  10. FY 2012-2013

  11. FACULTY SAVINGS

  12. CONTINGENCY BALANCE

  13. NOTES

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