See the link below. From the article:
”UNIVERSITY PARK, Pa. — Penn State has released University-wide budget allocations for fiscal year 2026-27 as part of its two-year, data-driven budget process, which has the institution on a strong financial path as it enters its third year. According to Sara Thorndike, senior vice president for Finance and Business/treasurer and chief financial officer, the allocations were driven by the University's wider efforts to maintain a balanced budget, while focusing on strategic priorities, enhancing the student educational experience, and supporting those areas of the institution where additional investment is needed to meet student demand and realize opportunities for growth.
“As our data-driven budget model enters its third year, it is supporting Penn State’s long-term success,” Thorndike said. “The model has helped to inform where we need to invest more to better align our spending with student interest and demand, while also helping to strategically reduce spending, more effectively allocate our financial resources in support of institutional priorities, and achieve our goal of a balanced budget. Critically, the model is fluid enough that we have been able to align it with the president’s strategic goals, our land-grant mission, and the needs and success of our students.”“
www.psu.edu
Strong financial path!
”UNIVERSITY PARK, Pa. — Penn State has released University-wide budget allocations for fiscal year 2026-27 as part of its two-year, data-driven budget process, which has the institution on a strong financial path as it enters its third year. According to Sara Thorndike, senior vice president for Finance and Business/treasurer and chief financial officer, the allocations were driven by the University's wider efforts to maintain a balanced budget, while focusing on strategic priorities, enhancing the student educational experience, and supporting those areas of the institution where additional investment is needed to meet student demand and realize opportunities for growth.
“As our data-driven budget model enters its third year, it is supporting Penn State’s long-term success,” Thorndike said. “The model has helped to inform where we need to invest more to better align our spending with student interest and demand, while also helping to strategically reduce spending, more effectively allocate our financial resources in support of institutional priorities, and achieve our goal of a balanced budget. Critically, the model is fluid enough that we have been able to align it with the president’s strategic goals, our land-grant mission, and the needs and success of our students.”“
Penn State on strong financial path as revamped budget model enters third year | Penn State University
Penn State has released University-wide budget allocations for fiscal year 2026-27 that, according to Sara Thorndike, senior vice president for Finance and Business/treasurer, were driven by the University's wider efforts to maintain a balanced budget, while focusing on strategic priorities...
www.psu.edu
Strong financial path!
