July 2, 2024

HACU statement on California’s 2024-25 State Budget signed by Governor Newsom

SAN ANTONIO – The Hispanic Association of Colleges and Universities has issued the following statement in response to the California’s 2024-25 State Budget signed by Governor Newsom. The full details of the finalized budget can be found here.

“This year has brought significant budget challenges for California. The Hispanic Association of Colleges and Universities commends Governor Newsom and the California State Legislature for navigating these difficult budgeting decisions,” said HACU President and CEO Antonio R. Flores.

The UCs and CSUs will receive a 5% state funding increase as part of the multiyear compact agreement, both systems face funding challenges as they enter the 2024-25 fiscal year. Further budget cuts and deferrals over the next two years would worsen their significant fiscal challenges and complicate the already difficult cost-saving measures both public school systems are implementing. The majority of UC and CSU institutions are Hispanic-Serving Institutions (HSIs), serving 41% of the total student enrollment statewide.

“An investment into the continued growth and success of HSIs, educating almost 91% of California’s Latino students, is an investment in California’s economic growth, socioeconomic mobility, and role as a leader in the global economy,” added Flores. “HACU is committed to collaborating with the state’s leadership to protect the state’s 172 HSIs from the impact of budget cuts and to ensure their continued success in preparing the future workforce.” 

About HACU
The Hispanic Association of Colleges and Universities, founded in 1986, represents more than 500 colleges and universities in the United States, Latin America, Spain and school districts throughout the U.S. HACU is the only national association representing existing and emerging Hispanic-Serving Institutions (HSIs). The Association’s headquarters are in San Antonio, Texas, with offices in Washington, D.C., Sacramento, California and Chicago, Illinois.