An aerial view of Cal State San Marcos. Photo via CSUSM Housing Facebook California State University is anticipating state spending cuts next summer of nearly $400 million and a delay in promised state support of more than $250 million. The projected budget gap may prevent the system from enrolling new students, offering employee raises and spending more money to boost graduation rates. Cal State’s Board of Trustees heard system senior finance staff detail the grim fiscal outlook Tuesday at a public meeting. They presented figures that show a 2025-26 budget hole of about $400 million to $800 million — a sizable chunk of Cal State’s estimated operating budget of $8.3 billion next year.
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