Budget

Top News
Top news RSS feed

Trustees hear update on proposed University capital plan

7/21/17

Penn State’s Board of Trustees heard an informational update July 21 on a proposed five-year capital plan that advances critical investments into aging infrastructure and future needs across the institution. The plan, which if approved would go into effect beginning in July 2018, is intended to tackle the University’s large maintenance backlog, providing funding for upkeep of aging facilities and for critical improvements to instructional space.

Board committee recommends 2017-18 operating budget and tuition, fees

7/20/17

The Penn State Board of Trustees Committee on Finance, Business and Capital Planning today (July 20) recommended a 2017-18 University operating budget of $5.7 billion, including the tuition and fees schedule, as well as recurring cost savings of $21 million. The full board is scheduled to vote on the fiscal plan on Friday, July 21.

David Gray Asked and Answered logo

Asked and Answered: An Ongoing Discussion (April 25, 2017)

4/24/17

University leaders are always looking for new ways to effectively communicate with faculty and staff. In a new video feature, Penn State leaders are answering your questions. This week, David Gray, senior vice president for Finance and Business, talks about physician choice in the upcoming Penn State health care plans.

Capital Day banner photo

Penn State Capital Day: What you need to know

3/20/17

Penn State Capital Day takes place March 22 and brings together the Penn State community and Pennsylvania elected officials, with a high-energy rally in the Capitol rotunda capping the day’s events. You can join the conversation online by using #PSUCapitalDay on social media.

Penn State leadership addresses federal budget blueprint proposal

3/17/17

Penn State’s leadership weighed in today (March 17) following the release of the White House’s 2018 budget blueprint, which among other things calls for significant reductions in federal aid to low-income students and critical research grant funding that drives innovation and economic activity. Penn State’s Office of Government and Community Relations, and other leaders, are in touch with Pennsylvania’s Congressional delegation as debate on the budget begins.

Barron addresses Pennsylvania Senate Appropriations committee

3/2/17

Penn State president Eric J. Barron addressed the Pennsylvania Senate Appropriations Committee on March 1. Barron emphasized the critical importance of Penn State’s long-term partnership with the Commonwealth, and underscored the university’s role as an economic driver for Pennsylvania.

Penn State's Old Main on the University Park campus, fall 2016

Board of Trustees committee recommends 2017-18 budget plan

9/15/16

The Penn State Board of Trustees Committee on Finance, Business and Capital Planning today (Sept. 15) recommended for approval a 2017-18 budget request that seeks a $25.3 million increase from the state in the University’s Education and General appropriation, for a total of $350.5 million in support.

Board committee recommends 2016-17 operating budget and tuition, fees

7/21/16

The Board of Trustees Committee on Finance, Business and Capital Planning today (July 21) recommended a University budget, and tuition and fees schedule. This year’s proposed 1.76 percent base aggregate tuition increase for undergraduate Pennsylvania residents is among the lowest at the University in 50 years and includes no increase for resident students at eight Penn State Commonwealth Campuses. This follows last year’s action to freeze base tuition for all in-state undergraduate students.

State budget passes; University sees increased funding

7/13/16

Pennsylvania’s legislature today (July 13) has passed, and Gov. Tom Wolf has signed, the final pieces of the Commonwealth’s 2016-17 budget. The budget includes increases of 2.5 percent for Penn State’s general support appropriation; the University’s Agricultural Research and Extension programs; and Pennsylvania College of Technology.

Portrait of Penn State President Eric Barron in front of Old Main on April 22, 2016.

President sends end-of-semester message to faculty and staff

5/19/16

Penn State President Eric J. Barron on May 19 sent a wide-ranging message to University employees, highlighting significant accomplishments — such as Invent Penn State — and opening the conversation on a series of upcoming challenges, including budget deliberations and possible salary increases.

Trustees committee recommends interim budget for 2016-17

5/5/16

Penn State’s Board of Trustees Committee on Finance, Business and Capital Planning today (May 5) recommended for approval an interim maintenance and operating budget of slightly more than $4.89 billion. The full board will vote on the recommendation at its meeting on Friday (May 6).

The Nittany Lion Shrine

Leadership shares message with University community following budget resolution

3/28/16

President Eric J. Barron, Executive Vice President and Provost Nicholas P. Jones, and Senior Vice President for Finance and Business David J. Gray have shared a message with the University community following the recent resolution of the impasse over the state's 2015-16 budget. "If there ever has been a perfect example of Penn Staters living the University’s values," they wrote, "this experience was it."

Penn State's 2015-16 appropriations released

3/23/16

After an extended budget stalemate, a supplemental state budget bill that includes increased funding for Penn State and Pennsylvania’s other state-related universities for the 2015-16 budget year will become law.

Pages