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Penn State’s 2018-19 interim budget approved by Trustees

5/4/18

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.

Committee recommends budget and partner for financial system implementation

5/3/18

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.

Board of Trustees committee recommends 2018-19 budget plan

11/9/17

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 State Capitol Building

General Assembly approves Penn State's 2017-18 appropriation

10/26/17

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.

A photo of the Old Main Bell in fall.

University leadership's plea to Penn Staters: write to legislators

10/12/17

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."

Old Main Tower

University issues statement on continuing state budget impasse

10/4/17

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.

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.

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