Cal State Says It Did Not Try To Conceal A $1.5 Billion Surplus

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A state audit released this week said California State University administrators had not disclosed a $1.5 billion surplus, even as the university raised tuition. Cal State chancellor Tim White countered that the surplus is a rainy day fund much like that maintained by the state, and that it had been made public dozens of times before the audit.

Fullerton Assemblywoman Sharon Quirk-Silva said the university did not reveal the surplus to her or other members of the Assembly Higher Education Committee and that the money could have been used for urgent needs like student hunger, homelessness, or a moratorium on tuition increases.