CSU System Board Approves Budget for CSU-Pueblo


DENVER – The Board of Governors of the Colorado State University System today voted to accept the budget and tuition proposal submitted by CSU-Pueblo for the fiscal year beginning July 1. The board also approved the budget for the CSU System office.

The FY2015 operating budgets for each unit are as follows:

  • CSU-Pueblo – $45.1 million, compared to $47.1 million for FY2014
  • CSU System Office – $5.43 million, compared to $5.39 million for FY2014

Tuition and fees for CSU in Fort Collins and the CSU-Global Campus were approved during the board’s May meeting.

Tuition, student fees and state funding tied to enrollment account for 95 percent of the revenue used for education and general operations at CSU-Pueblo, which has experienced budget challenges over the last year due to declining enrollment. The board, which in February invested $5 million to help the institution balance the budget for the 2014 fiscal year, wanted to wait until there was a clearer picture of fall enrollment at CSU-Pueblo before considering the university’s FY2015 budget. The institution is projecting an improved enrollment scenario this fall – likely still a modest decrease – but won’t have final numbers until after the start of the academic year.

“As the economy improves, Colorado is experiencing a drop in resident enrollment across the higher education system as people return to the workforce, and, unfortunately, it is having a more pronounced impact on regional universities like CSU-Pueblo,” CSU System Chancellor Mike Martin said. “CSU-Pueblo has a vital role and mission that serves Southern Colorado and the state, and this budget is a sign that the university is making the necessary changes to put the campus on sound financial footing so that it can continue to serve current and future students.”

CSU-Pueblo will proceed with plans to reduce planned expenses for the 2015 fiscal year. Nineteen vacant positions across the university have been eliminated as a cost-saving measure, and an additional 22 filled positions were also eliminated.

“It has been a challenging year for the CSU-Pueblo campus, but we are moving in a directionthat will position the university for a brighter future for our students, the faculty and staff, and the broader Pueblo community,” said CSU-Pueblo President Lesley Di Mare. “The university leadership will continue to seek ways to improve the student experience at CSU-Pueblo and pursue strategies that boost enrollment, create new revenue streams and create value-added partnerships with other institutions within the CSU System.”

Resident undergraduate tuition at CSU-Pueblo will be $5,188 in FY2015, an increase of $294 or 6 percent over the previous year. The university did not increase tuition for the 2014 fiscal year.

TABLE 1 – Tuition Rates

​CSU Campus ​FY2014 Tuition ​FY2015 Tuition ​Dollar Increase Percent Change​
​CSU-Pueblo1
​Resident Undergraduate $​4,894 ​$5,188 ​$294 ​6%
​Non-Resident Undergraduate ​$17,712 $​15,595 $​883 ​6%
​Resident Graduate ​$5,640 ​$5,978 ​$338 ​6%
​Non-Resident Graduate ​$16,767 ​$17,773 ​$1,006 ​6%

 1 Based on 12 credit hours per semester

Student fees at CSU-Pueblo will be $1,608 next year, up 9.6 percent or $142 from the previous year. These fees are approved by the student government to help fund a range of specific services, such as student recreation, the student health network, and facilities.

TABLE 2 – Cost of Attendance

​CSU-Campus2 ​Tuition Student Fees​ Tuition+Fees​ ​$ Increase % Increase​
​CSU-Pueblo $​5,188 ​$1,608 ​$6,796 ​$436 ​6.8%
 2 Rates in this table reflect a full-time resident student taking 12 credit hours per semester. Some fees may vary based on the number of credit hours taken.

ABOUT THE CSU SYSTEM
The Board of Governors of the CSU System has nine voting members, appointed by the governor and confirmed by the State Senate, and six non-voting members who are faculty and student representatives from CSU, CSU-Pueblo and the CSU-Global Campus. The board provides oversight to ensure effective management, accountability and leadership at all the CSU System universities – Fort Collins, Pueblo and the online Global Campus. More information: www.csusystem.edu

Colorado State University - Pueblo is a regional, comprehensive university emphasizing professional, career-oriented, and applied programs. Displaying excellence in teaching, celebrating diversity, and engaging in service and outreach, CSU-Pueblo is distinguished by access, opportunity, and the overall quality of services provided to its students.