Frank says CSU will weather financial crisis
FORT COLLINS - Colorado State University president Tony Frank said
CSU’s vital signs are strong and that the university will get through
the ongoing economic crisis. But he warned that proposed ballot
measures - if passed in November - could be devastating.
Frank, delivering his Fall Address on Sept. 15, said record enrollment
this year and increased tuition rates are helping CSU get through an
era of state funding reductions. Frank noted that students now pay for
two-thirds of their education bill.
“We are witnesses to a shift away from public support for funding
education, with an increasing share of the cost being carried by our
students at a time when the value of an educated population in the
global economy has never been greater,” Frank said.
He also noted that proposed ballot Amendments 60 and 61 and Proposition
101, if passed, would result in a $3.7 billion impact on an already
strained state budget. “If these measures pass, CSU will be a much
different, much smaller university, and not for the better.”
On the good news side, Frank noted that donors have helped raise more
than 70 percent of the $500 million goal for the Campaign for Colorado
State; private support has helped launch The Commitment to Colorado, a
program that in 2011 will ensure those making the median family income
or less can afford a CSU education; record research awards and research
expenditures topped $300 million for the fourth year in a row; and
announced a new program of employee discounts and benefits to thank CSU
employees who have gone without pay hikes for three years.
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