Monday, October 13, 2014

When they raised taxes two years ago, they said it was because they needed more money for the colleges. Now, CSU administrators have been exposed for spending hundreds of thousands of dollars on parties and alcohol.

Fancy parties, alcohol, $7,000 season tickets to the Hollywood Bowl, and top LA restaurants are a number of things this donated money is paying for. - CBS LA via Howard Jarvis Taxpayers Association

...the discovery of how CSU administratorsare spending large amounts of donated money, meant to benefit the universities, is shocking.

CBS2 investigative reporter David Goldsten found hundreds of thousands of dollars, donated with the intention of supporting students’ educations and benefiting the schools, yet being spent by administrators on amusements.

Fancy parties, alcohol, $7,000 season tickets to the Hollywood Bowl, and top LA restaurants are a number of things this donated money is paying for.

The money comes in from private donations, including alumni, and is funneled through non-profit foundations, located on every Cal State campus.

After examining the tax returns, millions of dollars were found in contributions and grants.

While some of this money did go to student aid, thousands of pages of receipts revealed plenty of surprising charges.