December 17, 2008 | News from the Chancellor
“We are carefully reviewing the sections of the 2009-10 New York State Executive Budget that apply to The City University of New York. We appreciate the difficult economic situation faced by New York State and the nation, and we understand that the proposed budget reflects that situation. We recognize that, for the first time, the Executive has proposed an investment plan that would allow a portion of the revenue from a tuition increase to be returned to the University, consistent with the principles of the CUNY Compact model of financing.
On December 8, the CUNY Board of Trustees approved a 2009-10 Budget Request that emphasizes the importance of enhancing the State’s investment in public higher education, given that the continued development of our citizenry is indispensable to the economy and the well-being of the State. We are working closely with the Governor and the New York State Legislature in order to minimize the impact of proposed reductions and to continue focusing on maintaining the core academic priorities of the University: maximizing the availability of full-time faculty and providing quality student services to our growing student body.”