Penn State's Board of Trustees Friday (May 4) approved an interim maintenance and operating budget of $4,132,217,000. 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 University's Board of Trustees formally approves next year's actual budget. No action on changes in tuition and necessary expense increases -- including employee salaries, wages and benefits -- will be taken until after the 2012-13 state appropriation is known and the University's budget plan has been reviewed and approved by the Board of Trustees in July. (more)
Alumni and students will team up for "Penn State Capital Day" on April 4 in Harrisburg, Pa., to make their case with legislators that the proposed 30 percent cut in Penn State's appropriation needs to be substantially moderated to help keep Penn State public, affordable and strong.
All Penn State alumni, students and friends are welcome and encouraged to participate. For more information or to register, visit www.alumni.psu.edu/capitalday. (more)
Penn State's open budget website, at http://www.budget.psu.edu/ online, includes more than 2,500 online pages of information covering the University's $4.1 billion annual budget. To make the University's complex budget information easier to navigate and content easier to understand, the University Budget Office has redesigned its website and created a short budget primer, which explains the components of Penn State's budget and how specific funding sources must be allocated. (more)
To cover state revenue shortfalls approaching $500 million, Pennsylvania Gov. Tom Corbett has announced a statewide budget freeze, including a five percent holdback in Penn State's academic funding. As part of the announced statewide budget freeze, Penn State will receive $11.4 million less than its initial appropriation for this academic year. (more)
The Penn State College of Agricultural Sciences will eliminate about 130 positions -- more than half through early retirements -- as it refocuses its programs and reorganizes in the wake of state budget cuts of 19 percent for fiscal year 2011-12, which began July 1. The job losses will occur at Penn State Extension offices across the state and in academic and support units at the University Park campus. (more)
The Board of Trustees today (Sept. 10) approved a fiscal plan for Penn State that asks the Commonwealth to provide $14.7 million more than the University will receive in the current fiscal year. If provided, it would bring the University's state appropriation to a total of $293.7 million. (more)
Penn State administrators welcomed members of the state Senate Appropriations Committee, chaired by Senator Jake Corman (R-34), to the University Park campus Sept. 7 for the first of a series of public hearings on the role of the Commonwealth's state-related universities. Corman said the committee wanted to hear testimony from Penn State President Graham Spanier and other University officials on a variety of topics, including the impact of the state budget on the University's operation. (more)
During a single landmark year, For the Future: The Campaign for Penn State Students has raised $353 million in new commitments, a record-breaking annual figure that tops the amount secured during the entirety of the University's first fundraising initiative, The Campaign for Penn State. The past fiscal year also has brought the campaign's overall commitments past the final results of the Grand Destiny campaign that concluded in 2003. The news came today (July 15) in a presentation by the For the Future chair, Peter G. Tombros, to the Penn State Board of Trustees. (more)
At its meeting July 15, Penn State's Board of Trustees approved plans to renovate 8,000 square feet of classroom and laboratory space on two stories of the Breazeale Nuclear Reactor Building on Penn State's University Park campus, at a cost of $3.6 million. Improvements will include a new elevator and renovated bathrooms to comply with Americans with Disabilities Act mandates, and also will update all mechanical, electrical and plumbing systems on the ground level and first floor of the facility's west wing. Renovations will be complete by fall 2012. (more)
The Penn State Alumni Association became the first dues-paying alumni association ever to top the 100,000 life member threshold and to surpass 165,000 total members, according to the annual census compiled June 30. Alumni Association President Barry M. Simpson, a 1969 Penn State graduate, outlined these new milestones and other achievements of the 2010-11 academic year in the Alumni Association's annual report to the Penn State Board of Trustees today (July 15). (more)
