Cal Poly San Luis Obispo is facing a $24.2 million reduction to its already precarious budget after Gov. Gavin Newsom announced plans to cut the California State University budget by $375 million.
In its 2024-2025 fiscal year operating budget, Cal Poly reported a budget of $552,603,877. In order to balance the budget, the administration is pulling $24,189,568 from reserves, according to Cal Poly’s general operating budget plan.
In January, Gov. Newsom presented his preliminary state budget proposal, which includes a 7.95% ongoing reduction to the CSU system…