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”HARRISBURG, Pa. — The Pennsylvania General Assembly has passed a state budget that maintains Penn State’s general support appropriation at $242.1 million for the 2024-25 fiscal year, which began July 1. The budget package, which now heads to Gov. Josh Shapiro for his anticipated signature, includes a funding increase of $4 million (13%) for Pennsylvania College of Technology, level funding of $57.7 million for Penn State Agricultural Research and Extension, and restores line-item funding of $2.35 million for Invent Penn State.
Penn State’s general support appropriation last increased five years ago, when the state approved a 2% funding increase for the 2019-20 fiscal year. This funding is applied entirely to Penn State’s education budget and enables the University to offer an in-state tuition discount that benefits approximately 42,000 Pennsylvania resident undergraduates and their families each year.
This year’s funding falls short of the 5% increase that Shapiro had proposed for Pennsylvania’s state-related universities, which includes Penn State.
“The funding we receive from the commonwealth is critical to our public mission to serve Pennsylvania students at our campuses across Pennsylvania,” said Penn State President Neeli Bendapudi. “Our students and families rely on this funding and the significant cost savings it provides through our in-state tuition rate. Thousands more Pennsylvanians benefit from the many programs and services offered through Penn State Extension, Penn State Health, and Invent Penn State that are made possible because of state appropriations.
“As we enter a fifth consecutive year without a funding increase, I look forward to working with the General Assembly and Gov. Shapiro to implement performance-based funding for 2025-26 as a means to increase the state’s investment in public higher education while also meeting shared goals for Pennsylvania’s long-term success.””
www.psu.edu
We are not better.
”HARRISBURG, Pa. — The Pennsylvania General Assembly has passed a state budget that maintains Penn State’s general support appropriation at $242.1 million for the 2024-25 fiscal year, which began July 1. The budget package, which now heads to Gov. Josh Shapiro for his anticipated signature, includes a funding increase of $4 million (13%) for Pennsylvania College of Technology, level funding of $57.7 million for Penn State Agricultural Research and Extension, and restores line-item funding of $2.35 million for Invent Penn State.
Penn State’s general support appropriation last increased five years ago, when the state approved a 2% funding increase for the 2019-20 fiscal year. This funding is applied entirely to Penn State’s education budget and enables the University to offer an in-state tuition discount that benefits approximately 42,000 Pennsylvania resident undergraduates and their families each year.
This year’s funding falls short of the 5% increase that Shapiro had proposed for Pennsylvania’s state-related universities, which includes Penn State.
“The funding we receive from the commonwealth is critical to our public mission to serve Pennsylvania students at our campuses across Pennsylvania,” said Penn State President Neeli Bendapudi. “Our students and families rely on this funding and the significant cost savings it provides through our in-state tuition rate. Thousands more Pennsylvanians benefit from the many programs and services offered through Penn State Extension, Penn State Health, and Invent Penn State that are made possible because of state appropriations.
“As we enter a fifth consecutive year without a funding increase, I look forward to working with the General Assembly and Gov. Shapiro to implement performance-based funding for 2025-26 as a means to increase the state’s investment in public higher education while also meeting shared goals for Pennsylvania’s long-term success.””
General Assembly approves Penn State’s 2024-25 state funding | Penn State University
The Pennsylvania General Assembly has passed a state budget that maintains Penn State’s general support appropriation at $242.1 million for the 2024-25 fiscal year, which began July 1. The budget package, which now heads to Gov. Josh Shapiro for his anticipated signature, includes a funding...
www.psu.edu
We are not better.
