CUNY Seeking to Raise $1.2 Billion
The City University of New York is starting a $1.2 billion fund-raising campaign, reflecting both the new economics of public universities, which have faced shrinking public support, and the belief that CUNY has emerged from the troubled days in the late 1990's, when Mayor Rudolph W. Giuliani and other critics charged that it was a third-rate university filled with students who could not read or write. ''We couldn't have done this campaign five or six or seven years ago,'' said Matthew Goldstein, CUNY's chancellor. ''People would have laughed at us.''
