The City University of New York, Financial crisis of 1995

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Summary

The City University of New York (CUNY; pron.: ) is the public university system of New York City. It is the largest urban university in the United States, consisting of 24 institutions: 11 senior colleges, seven community colleges, the William E. Macaulay Honors College at CUNY, the CUNY Baccalaureate for Unique and Interdisciplinary Studies Program at The Graduate Center, the doctorate-granting Graduate School and University Center, the City University of New York School of Law, CUNY Graduate School of Journalism, the CUNY School of Public Health

Details

In 1995, CUNY suffered another fiscal crisis when Governor George Pataki announced a $162 million cut in state financing. Faculty cancelled classes and students staged protests. By May, CUNY adopted deep cuts to college budgets and class offerings. By June, CUNY had adopted a stricter admissions policy for its senior colleges: students deemed unprepared for college would not be admitted, a departure from the 1970 Open Admissions program, in order to save money spent on remedial programs. The proposed $160 million in cuts was reduced to $102 million, which CUNY absorbed by increasing tuition by $750 and offering a retirement incentive plan for faculty.

In 1999, a task force appointed by Mayor Rudolph Giuliani issued a report that described CUNY as “an institution adrift” and called for an improved, more cohesive University structure and management, as well as more consistent academic standards. Following the report, Matthew Goldstein, a mathematician and City College graduate who had led CUNY’s Baruch College and briefly, Adelphi University, was appointed chancellor of CUNY. After his appointment in 1999, CUNY ended its policy of open admissions to its four-year colleges. Admissions standards were raised at CUNY’s most selective four-year colleges (Baruch, Brooklyn, City, Hunter and Queens) and a new policy was established that required entering college students who needed remediation, to begin their studies at the University’s open-admissions community colleges.

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