See the link below. From the article:
”UNIVERSITY PARK, Pa. — Penn State’s general support appropriation will remain level for the third consecutive year, as the Pennsylvania General Assembly approved the University’s nonpreferred appropriations bill on July 7 as part of the commonwealth’s 2022-23 budget. The $42.7 billion budget package, which has been signed into law by Gov. Tom Wolf, also includes a 5% funding increase for Penn State Agricultural Research and Extension and $2.35 million in new funding for Invent Penn State.
“The funding we receive from the commonwealth plays a critical role in helping to keep a world-class Penn State education affordable for Pennsylvania students and families. This year there are positive elements like increased funding for the College of Agricultural Sciences that will benefit the vital research and extension work that impacts the state’s agriculture industry and rural communities, as well as new support for Invent Penn State that will enhance the work Penn State is already doing to spark economic development, revitalization and entrepreneurial activity all across Pennsylvania,” said Penn State President Neeli Bendapudi. “However, it is important to emphasize a broader context. Inflationary pressures, revenue losses from the pandemic, demographic shifts and other factors driving cost, coupled with successive years of flat funding, pose significant challenges for the University and will require us to look deeply at our budget and spending in the coming year.”
And,
“We are disappointed that the General Assembly chose not to increase Penn State’s general support appropriation, as the University had requested and Gov. Wolf had proposed,” said Zack Moore, Penn State vice president for Government and Community Relations. “Pennsylvania students and their families are the direct beneficiaries of this funding, saving them thousands of dollars each on the total cost of a degree. After freezes to the University’s funding each of the last two years, and in the midst of nearly unprecedented inflation and state budget surpluses, Penn State and its students — particularly lower- and middle-income students — count on state support to help meet rising costs and to help mitigate impacts on tuition.”
Time to lean more on football.
”UNIVERSITY PARK, Pa. — Penn State’s general support appropriation will remain level for the third consecutive year, as the Pennsylvania General Assembly approved the University’s nonpreferred appropriations bill on July 7 as part of the commonwealth’s 2022-23 budget. The $42.7 billion budget package, which has been signed into law by Gov. Tom Wolf, also includes a 5% funding increase for Penn State Agricultural Research and Extension and $2.35 million in new funding for Invent Penn State.
“The funding we receive from the commonwealth plays a critical role in helping to keep a world-class Penn State education affordable for Pennsylvania students and families. This year there are positive elements like increased funding for the College of Agricultural Sciences that will benefit the vital research and extension work that impacts the state’s agriculture industry and rural communities, as well as new support for Invent Penn State that will enhance the work Penn State is already doing to spark economic development, revitalization and entrepreneurial activity all across Pennsylvania,” said Penn State President Neeli Bendapudi. “However, it is important to emphasize a broader context. Inflationary pressures, revenue losses from the pandemic, demographic shifts and other factors driving cost, coupled with successive years of flat funding, pose significant challenges for the University and will require us to look deeply at our budget and spending in the coming year.”
And,
“We are disappointed that the General Assembly chose not to increase Penn State’s general support appropriation, as the University had requested and Gov. Wolf had proposed,” said Zack Moore, Penn State vice president for Government and Community Relations. “Pennsylvania students and their families are the direct beneficiaries of this funding, saving them thousands of dollars each on the total cost of a degree. After freezes to the University’s funding each of the last two years, and in the midst of nearly unprecedented inflation and state budget surpluses, Penn State and its students — particularly lower- and middle-income students — count on state support to help meet rising costs and to help mitigate impacts on tuition.”
Time to lean more on football.
