A new report reviewing California State University’s finances found the system is paying only about 85% of what it actually costs to meet student, staff and institution needs, creating a funding gap of almost $1.5 billion.The months-long review found a 14% disparity between what Cal State spent in its 2021-2022 year and what it actually costs to educate its students, pay faculty and staff salaries and keep its vast 23-campus network running, according to an almost 70-page report released this week. The gap means staffing positions remain vacant and maintenance projects get deferred.
