The Penn State Board of Trustees Committee on Finance, Business and Capital Planning today (May 2) approved a proposed interim operating budget of approximately $6.5 billion to support all University operations. The proposal goes to the full board for consideration on May 3.
Penn State President Eric Barron addressed the Pennsylvania Senate Appropriations Committee on Tuesday, Feb. 26, highlighting the University’s economic impact on the Commonwealth and its ability to drive job creation and business growth through innovation, while also emphasizing his commitment to keeping a Penn State education accessible and affordable for the next generation of Pennsylvania’s workforce.
The Penn State Board of Trustees Committee on Finance, Business and Capital Planning today (Sept. 13) recommended for approval a 2019-20 University budget plan that includes a request to the Commonwealth to increase Penn State’s total appropriation by $19.6 million, for a total of $347 million in state support.
The Penn State Board of Trustees voted to approve the 2018-19 operating budget and tuition and fees schedule during its full meeting July 20 at Penn State Berks. The $6.5 billion budget includes no tuition increase for all Pennsylvania resident undergraduate students for the coming academic year.
Penn State’s 2018-19 general support appropriation increased by 3 percent — or roughly $6.9 million — as the University’s non-preferred appropriations bill today (June 22) passed the General Assembly and was signed into law by Gov. Tom Wolf as part of Pennsylvania’s $32.7 billion budget package.
At its May 4 meeting, the Penn State Board of Trustees approved an interim operating budget of approximately $5.7 billion to support all University operations, until a final budget for the 2018-19 fiscal year is submitted at the board’s upcoming July meeting.
As one of Penn State’s major internal software systems approaches the end of its useful lifespan, the Board of Trustees Committee on Finance, Business and Capital Planning today (May 3) voted to recommend a project budget and consulting partner for implementing a new, state-of-the-art financial system.
An April 25 report by Moody’s Investor Services lauded Penn State’s strong finances, maintaining the University’s positive Aa1 rating with a stable outlook.
Penn Staters descended on Harrisburg for Penn State Capital Day 2018 today (March 13), an event designed to bring together the University community and Pennsylvania elected officials.
Penn State President Eric Barron emphasized the importance of Pennsylvania’s continued investment in higher education during a public hearing with state lawmakers on Tuesday.
The Penn State Board of Trustees Committee on Finance, Business and Capital Planning today (Nov. 9), recommended for approval a 2018-19 budget plan that includes a request to the Commonwealth to increase the University’s total appropriation by $19.8 million for a total of $337.9 million in support. The plan still requires approval of the full board and will be presented at the Nov. 10 meeting.
The Pennsylvania General Assembly passed Penn State’s 2017-18 non-preferred appropriations bill on Oct. 25 after a delay of more than three months. As proposed by Gov. Tom Wolf in February, the bill includes level funding of $230.4 million for Penn State’s general support appropriation. The bill also includes increases of $2 million for Pennsylvania College of Technology and $500,000 for Penn State Agricultural Research and Cooperative Extension, for a total appropriation of $318.2 million.
U.S. Secretary of Energy Rick Perry and Rep. Lou Barletta highlighted the national importance of a new Penn State–industry collaboration during a recent visit to a Jeddo Coal Company mine in Ebervale, Pennsylvania.
University leaders are renewing their plea to Penn Staters and others, asking them to urge Pennsylvania legislators to release the University's state funds. Without critical state funding, Penn State would be forced to make "dramatic cuts and raise tuition, perhaps even for the upcoming spring semester."
University officials have received news out of Harrisburg today (Oct. 4) that the Commonwealth’s protracted budget impasse continues, as elected leaders continue to fail to come to an agreement on the fiscal plan – holding up passage of funding for state-related universities, including Penn State.
