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===Financial crisis of 1995=== In 1995, CUNY suffered another fiscal crisis when Governor [[George Pataki]] proposed a drastic cut in state financing.<ref>{{cite news|last=Honan|first=William|title=CUNY Professors, Fearing Worst, Rush Out Their Resumes: With a financial emergency declared, many on the CUNY faculties could go|url=https://www.nytimes.com/1995/02/28/nyregion/cuny-professors-fearing-worst-rush-out-their-resumes.html|access-date=April 17, 2013|newspaper=The New York Times|date=February 28, 1995}}</ref> Faculty cancelled classes and students staged protests. By May, CUNY adopted deep cuts to college budgets and class offerings.<ref>{{cite news|last=Hevesi|first=Dennis|title=CUNY Campuses Prepare to Reduce Faculty and Classes|url=https://www.nytimes.com/1995/05/14/nyregion/cuny-campuses-prepare-to-reduce-faculty-and-classes.html|access-date=April 17, 2013|newspaper=The New York Times|date=May 14, 1995}}</ref> By June, to save money spent on remedial programs, CUNY adopted a stricter admissions policy for its senior colleges: students deemed unprepared for college would not be admitted, this a departure from the 1970 [[#Open_admissions|Open Admissions]] program.<ref>{{cite news|last=Jones|first=Charisse|title=CUNY Adopts Stricter Policy on Admissions|url=https://www.nytimes.com/1995/06/27/nyregion/cuny-adopts-stricter-policy-on-admissions.html|access-date=April 17, 2013|newspaper=The New York Times|date=June 27, 1995}}</ref> That year's final state budget cut funding by $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. CUNY ended its policy of open admissions to its four-year colleges, raised its admissions standards at its most selective four-year colleges (Baruch, Brooklyn, City, Hunter and Queens), and required new enrollees who needed remediation to begin their studies at a CUNY open-admissions community college.<ref name="Kaminer">{{cite news|last=Kaminer|first=Ariel|title=Longtime CUNY Chancellor to Step Down After Pushing Higher Standards|url=https://www.nytimes.com/2013/04/13/education/matthew-goldstein-announces-resignation-as-cuny-chancellor.html |archive-url=https://ghostarchive.org/archive/20220101/https://www.nytimes.com/2013/04/13/education/matthew-goldstein-announces-resignation-as-cuny-chancellor.html |archive-date=2022-01-01 |url-access=limited|access-date=July 8, 2013|newspaper=The New York Times|date=April 13, 2013}}{{cbignore}}</ref>
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