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Trustees approve interim budget for 2013-14

5/3/13

Penn State’s Board of Trustees today (May 3) approved an interim maintenance and operating budget of $4,282,763,000. This budget supports all Penn State operations and enterprises throughout the Commonwealth.

Penn State president addresses House Appropriations Committee

2/25/13

Education is "an investment with a history of excellent returns," Penn State President Rodney Erickson told Pennsylvania lawmakers Monday (Feb. 25), and that investment is crucial in helping Penn State carry out its mission of teaching, research and service.

Penn State budget plan seeks modest increase from state

9/14/12

Penn State's Board of Trustees on Sept. 14 approved a budget plan for 2013-14 that includes a request to the Commonwealth of Pennsylvania to provide $10.6 million more than the University will receive in the current fiscal year. If provided, it would bring the University's appropriation to $289.5 million.

Penn State Trustees approve 2012-13 budget

7/13/12

Penn State's Board of Trustees today (July 13) approved a $4.26 billion University operating budget for 2012-13. The budget includes a $279 million appropriation from the Commonwealth of Pennsylvania, representing no change from 2011-12. "Through the support of many members of the House and Senate who value the partnership between the Commonwealth and the state's public and state-related higher education institutions, the proposed $64.2 million cut to Penn State's General Support line has been fully restored," said Penn State President Rodney Erickson. "I would like to publicly thank the governor and members of the General Assembly who coalesced to support public higher education."

Trustees approve 2.4 percent average tuition increase

7/13/12

Penn State's Board of Trustees Friday (July 13) approved an average tuition increase for 2012-13 of 2.4 percent for undergraduate students, representing the lowest tuition increase at the University since 1967 and one of the lowest among public universities in the nation this year. "We were guided by several priorities in assembling our budget plan," President Rodney Erickson said. "Chief among those priorities was to keep tuition increases at the lowest possible level. We are committed to keeping tuition increases as modest as possible without compromising academic quality."

Modest pay raise for employees is under consideration

7/5/12

At the upcoming July 13 Board of Trustees meeting at Penn State Worthington Scranton, a modest salary increase for employees will be part of a proposed University budget for 2012-13, according to Penn State President Rodney Erickson.

State budget passes; Penn State funding restored to previous levels

7/1/12

The Pennsylvania General Assembly has passed, and Gov. Tom Corbett has signed into law, a nearly $27.7 billion state budget that includes level funding for Penn State and Pennsylvania's other state-related and state-owned universities. Penn State President Rodney Erickson thanked legislators and the governor for their work to restore the University's funding to last year's levels, and said the funding will benefit students and their families.

President Erickson addresses Senate Appropriations Committee

3/1/12

Penn State President Rodney Erickson and Bruce McPheron, dean of Penn State's College of Agricultural Sciences, appeared before the Pennsylvania Senate Appropriations Committee Feb. 29 to discuss the University's proposed appropriation for the 2012-13 fiscal year. The 90-minute session was held a week after the Pennsylvania House Appropriations Committee hearing in Harrisburg, where Erickson appeared jointly with the leaders of the University of Pittsburgh and Temple and Lincoln universities. Pennsylvania Gov. Tom Corbett has proposed flat appropriations in 2012-13 for Lincoln University and a 30 percent cut each for Temple, Pitt and Penn State.

Senate Appropriations Committee hearing to air live on PCN today

2/29/12

Penn State President Rodney Erickson will testify before the Pennsylvania Senate Appropriations Committee at 1 p.m. today (Feb. 29), to answer questions related to the University's appropriation. The proceedings will be carried live on Pennsylvania Cable Network (PCN) and also will be available for streaming on the Web at http://www.pcntv.com/. For the most up-to-date information, viewers can check PCN's upcoming schedule at http://www.pcntv.com/schedule.

Penn State president addresses House Appropriations Committee

2/22/12

Penn State President Rodney Erickson appeared before the Pennsylvania House Appropriations Committee today (Feb. 22) in Harrisburg, Pa., to discuss the University's proposed appropriation for the 2012-13 fiscal year. In light of continued shortfalls in state revenue collections, Pennsylvania Gov. Tom Corbett has proposed a 30 percent across-the-board cut for Penn State, Temple and Pitt. Erickson, who was joined by leaders from Pennsylvania's other state-related universities, said he is mindful of the state's budget constraints, but stressed to lawmakers the impact such broad cuts would have on a university that educates more than 96,000 students a year.

House Appropriations Committee hearing to air live on PCN Wednesday

2/20/12

Penn State President Rodney Erickson will testify before the Pennsylvania House Appropriations Committee at 9 a.m. Wednesday, Feb. 22, to answer questions related to the University's appropriation. The proceedings will be carried live on Pennsylvania Cable Network (PCN) and also will be available for streaming on the Web at http://www.pcntv.com/.

For the most up-to-date information, viewers can check PCN's upcoming schedule at http://www.pcntv.com/schedule.

Old Main

Trustees approve interim budget for 2011-12

5/13/11

Penn State's Board of Trustees Friday (May 13) approved an interim maintenance and operating budget of $4,014,953,000. This budget supports all Penn State operations and enterprises throughout the Commonwealth. The University adopts an interim budget each year so that it has an approved fiscal operating plan from the beginning of the fiscal year, July 1, until the next year's actual budget is formally approved by the University's Board of Trustees. No action on changes in tuition and necessary expense increases, including employee benefits, will be taken until after the 2011-12 state appropriation is known and the University's budget plan has been reviewed and approved by the Board of Trustees in July. After receiving and analyzing the final state appropriation figures, the University will develop a specific budget for the 2011-12 fiscal year that addresses these and other financial considerations.

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Trustees approve interim budget for 2013-14

5/3/13

Penn State’s Board of Trustees today (May 3) approved an interim maintenance and operating budget of $4,282,763,000. This budget supports all Penn State operations and enterprises throughout the Commonwealth.

Penn State president addresses House Appropriations Committee

2/25/13

Education is "an investment with a history of excellent returns," Penn State President Rodney Erickson told Pennsylvania lawmakers Monday (Feb. 25), and that investment is crucial in helping Penn State carry out its mission of teaching, research and service.

Penn State budget plan seeks modest increase from state

9/14/12

Penn State's Board of Trustees on Sept. 14 approved a budget plan for 2013-14 that includes a request to the Commonwealth of Pennsylvania to provide $10.6 million more than the University will receive in the current fiscal year. If provided, it would bring the University's appropriation to $289.5 million.

Penn State Trustees approve 2012-13 budget

7/13/12

Penn State's Board of Trustees today (July 13) approved a $4.26 billion University operating budget for 2012-13. The budget includes a $279 million appropriation from the Commonwealth of Pennsylvania, representing no change from 2011-12. "Through the support of many members of the House and Senate who value the partnership between the Commonwealth and the state's public and state-related higher education institutions, the proposed $64.2 million cut to Penn State's General Support line has been fully restored," said Penn State President Rodney Erickson. "I would like to publicly thank the governor and members of the General Assembly who coalesced to support public higher education."

Trustees approve 2.4 percent average tuition increase

7/13/12

Penn State's Board of Trustees Friday (July 13) approved an average tuition increase for 2012-13 of 2.4 percent for undergraduate students, representing the lowest tuition increase at the University since 1967 and one of the lowest among public universities in the nation this year. "We were guided by several priorities in assembling our budget plan," President Rodney Erickson said. "Chief among those priorities was to keep tuition increases at the lowest possible level. We are committed to keeping tuition increases as modest as possible without compromising academic quality."

Modest pay raise for employees is under consideration

7/5/12

At the upcoming July 13 Board of Trustees meeting at Penn State Worthington Scranton, a modest salary increase for employees will be part of a proposed University budget for 2012-13, according to Penn State President Rodney Erickson.

State budget passes; Penn State funding restored to previous levels

7/1/12

The Pennsylvania General Assembly has passed, and Gov. Tom Corbett has signed into law, a nearly $27.7 billion state budget that includes level funding for Penn State and Pennsylvania's other state-related and state-owned universities. Penn State President Rodney Erickson thanked legislators and the governor for their work to restore the University's funding to last year's levels, and said the funding will benefit students and their families.

President Erickson addresses Senate Appropriations Committee

3/1/12

Penn State President Rodney Erickson and Bruce McPheron, dean of Penn State's College of Agricultural Sciences, appeared before the Pennsylvania Senate Appropriations Committee Feb. 29 to discuss the University's proposed appropriation for the 2012-13 fiscal year. The 90-minute session was held a week after the Pennsylvania House Appropriations Committee hearing in Harrisburg, where Erickson appeared jointly with the leaders of the University of Pittsburgh and Temple and Lincoln universities. Pennsylvania Gov. Tom Corbett has proposed flat appropriations in 2012-13 for Lincoln University and a 30 percent cut each for Temple, Pitt and Penn State.

Senate Appropriations Committee hearing to air live on PCN today

2/29/12

Penn State President Rodney Erickson will testify before the Pennsylvania Senate Appropriations Committee at 1 p.m. today (Feb. 29), to answer questions related to the University's appropriation. The proceedings will be carried live on Pennsylvania Cable Network (PCN) and also will be available for streaming on the Web at http://www.pcntv.com/. For the most up-to-date information, viewers can check PCN's upcoming schedule at http://www.pcntv.com/schedule.

Penn State president addresses House Appropriations Committee

2/22/12

Penn State President Rodney Erickson appeared before the Pennsylvania House Appropriations Committee today (Feb. 22) in Harrisburg, Pa., to discuss the University's proposed appropriation for the 2012-13 fiscal year. In light of continued shortfalls in state revenue collections, Pennsylvania Gov. Tom Corbett has proposed a 30 percent across-the-board cut for Penn State, Temple and Pitt. Erickson, who was joined by leaders from Pennsylvania's other state-related universities, said he is mindful of the state's budget constraints, but stressed to lawmakers the impact such broad cuts would have on a university that educates more than 96,000 students a year.

House Appropriations Committee hearing to air live on PCN Wednesday

2/20/12

Penn State President Rodney Erickson will testify before the Pennsylvania House Appropriations Committee at 9 a.m. Wednesday, Feb. 22, to answer questions related to the University's appropriation. The proceedings will be carried live on Pennsylvania Cable Network (PCN) and also will be available for streaming on the Web at http://www.pcntv.com/.

For the most up-to-date information, viewers can check PCN's upcoming schedule at http://www.pcntv.com/schedule.

Old Main

Trustees approve interim budget for 2011-12

5/13/11

Penn State's Board of Trustees Friday (May 13) approved an interim maintenance and operating budget of $4,014,953,000. This budget supports all Penn State operations and enterprises throughout the Commonwealth. The University adopts an interim budget each year so that it has an approved fiscal operating plan from the beginning of the fiscal year, July 1, until the next year's actual budget is formally approved by the University's Board of Trustees. No action on changes in tuition and necessary expense increases, including employee benefits, will be taken until after the 2011-12 state appropriation is known and the University's budget plan has been reviewed and approved by the Board of Trustees in July. After receiving and analyzing the final state appropriation figures, the University will develop a specific budget for the 2011-12 fiscal year that addresses these and other financial considerations.