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Penn College board of directors approves 2003-04 budget, tuition

Williamsport, Pa. -- Pennsylvania College of Technology's board of directors has approved an operating budget of $67.48 million for 2003-04, reflecting an expected 5 percent reduction in the college's state appropriation and projected enrollment growth of more than 5 percent.

The operating budget of $67,482,471 represents an 8.5 percent increase over the previous year. The tuition rate for in-state students will rise by 5.8 percent. Tuition and fees combined will rise by 6.4 percent for Pennsylvania residents, who constitute 93 percent of the student population.

The projected state appropriation of $11,673,600 is a decrease of $614,400, a reduction of 5 percent, from the college's 2002-03 fiscal year budget.

The state legislature has yet to pass a 2003-04 budget, and the college's budget reflects the reduced-appropriation proposal announced previously by Gov. Edward Rendell. If the state appropriation varies from what has been proposed, the college may make budgetary adjustments during the year, as it does typically when official enrollment figures become available, according to Davie Jane Gilmour, president of Penn College.

Last Updated March 20, 2009

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