Rebudgeting
Rebudgeting hearings for Associated Students’ Finance Board began two weeks ago and will continue into the next few weeks. According to Finance chair and future A.S. President Rob O’Keefe, this will be one of the organization’s most trying years as it allocates the school’s limited resources.

CSU Finances
Enrollment will be reduced 3 percent for the California State University system, which translates to 20,000-25,000 students being denied entry to a CSU next fall. If Gov. Jerry Brown’s tax initiative does not pass this fall, another $200 million will be cut from the CSU system, and enrollment will suffer even further. Without that $200 million, all applicants could be wait-listed for 15 of the 23 CSUs. In addition, schools are considering enacting unit caps, ranging from 13-17 units per semester. Student loan rates may increase from 3 percent to 6 percent. However, this would not affect loans already taken out.

Restructuring
The Restructuring Committee decided on Friday that Honor’s Council will not have its own seat within the new A.S. structure. HC sought to keep its current seat to be placed on University Council, but was denied because it is not a college council. The honor’s program, which is separate from HC, is trying to become a college council, but the transformation is not guaranteed. If it does become a college council, it will likely be granted a seat on the UC. For the upcoming school year, HC will keep its current seat on A.S., as no restructuring changes are final until next spring. Similar situations have occurred with the Interfraternity Council, Residence Hall Association and other seats that have been eliminated.