Friday, March 15, 2024

Long Beach State faces budget deficit amid statewide financial challenges - Khoury Williams, Daily Forty-Niner

Long Beach State University President Jane Close Conoley announced the college is in a $15 million budget deficit as a result of the statewide deficit, during the Feb. 22 Academic Senate meeting. On Feb. 20, California’s Legislative Analyst Office released an update to the budget deficit forecast from $58 billion to $73 billion. This update places the statewide deficit $35 billion below California Governor Gavin Newsom’s projected budget deficit of $38 billion.