Wednesday, July 01, 2009
In introducing a new round of potential state budget cuts for 2009-10, Gov. Ed Rendell proposed last week what could be devastating cuts in the Commonwealth's appropriation to Penn State. The governor's proposed reductions would set the University back to its appropriation level in 1996. Penn State would go from the current year's initial appropriation of $338 million to $278 million in 2009-10. (more)
Tuesday, February 24, 2009
Student and University leaders will spend next week discussing Penn State's appropriation in the Commonwealth's 2009-10 budget. The University will seek to ease the burden on students and their families during difficult economic times. Penn State has received five cuts in state appropriations in the past decade and the burden for tuition is being shifted to students and their families. (more)
Thursday, December 11, 2008
Colleges and universities are facing difficult financial decisions stemming from the widening global economic crisis. In a discussion this week at Faculty Senate, Penn State President Graham Spanier reassured community members that the University is on solid financial ground, but will face serious challenges because of a $21.2 million recission from the state. (more)
Wednesday, October 22, 2008
With the current national and state fiscal downturns, Penn State is facing a challenging fiscal environment, the Penn State Faculty Senate heard at its Oct. 21 meeting. University President Graham Spanier discussed the impact of the U.S. financial crisis on U.S. higher education nationwide. (more)
Thursday, October 09, 2008
Penn State has been asked by Pennsylvania's Secretary of the Budget to plan for a $15 million budget cut this year, as the state's revenues continue to run below projections. (more)