Hidden Parking Revenues: CSU Concealed Millions and Violated State Laws
The California state auditor today reported that the CSU has been funneling hundreds of millions to accounts outside of the State Treasury, disregarded state laws, and used millions of dollars in revenue from campus parking permit fees to fund projects unrelated to the CSU parking program. Through the audit, it was discovered that the surplus from these fees were hidden in separate accounts from public and state overview.
âUnfortunately, the state auditor has again uncovered violations and waste that occur when we allow CSU to operate its campuses without adequate state oversight or accountability,â said Assemblywoman Sharon Quirk-Silva. âThe legislature must enact measures to ensure state funds cannot be hidden in outside accounts and are being spent in the best interests of students.â