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California State University officials laid out plans Tuesday to reduce its enrollment by 40,000 next year in response to a $564 million decline in state funds. "You cannot see a 20 percent drop in revenue and serve the same number of students," Chancellor Charles B. Reed said in a news release. System officials said Cal State's 23 campuses had received 53 percent more applications for fall 2010 than they had by this point a year ago, and that they anticipated half the campuses to stop accepting applications by November 30. Reed also said he would present Cal State's trustees with what he called a "recover and reinvest" budget for 2010-11 that would seek to restore one-time cuts made in 2009-10, among other things.