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CSULB economic
forecast looks grim
By Sarah Langford
On-line Forty-Niner
The economic standing of Cal State Long Beach for this year
and the next do not look good, according to William Griffith,
vice president for Administration and Finance.
In a report to the Academic Senate Thursday, Griffith told
senators to be prepared for a tough financial future in the
next couple of years. He cited the nation's economic recession,
California's energy crisis and the events of Sept. 11 as the
main causes for the deficit.
"The state budget deficit currently exceeds $12 billion
and is escalating each month," Griffith said. "Higher
education takes up 12 percent of those funds, so we won't
be immune to the deficiency."
After delivering the bad news, Griffith did say things should
start to look up soon.
"The shortest economic recession since World War II has
been 11 months and the longest 16 months," he said. "We
are at about month 12 in this recession. If history has anything
to say, we are ... more than halfway into it and recovery
is in the winds."
Also at the meeting, Chairman Wayne Dick announced the search
for a new provost is well under way.
"The initial screening process will begin in a week or
two," said Dick. "We've also come up with a tentative
itinerary for the candidates when they visit the campus in
February. Things are moving along nicely."
A new provost will be in place by the end of this academic
year in Spring 2002.
The next Academic Senate meeting is Feb. 14 at 2 p.m. in Towner
Auditorium, PSY-150.
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