“University also calling for commonwealth to implement performance-based funding; additional state support would benefit Pennsylvania students and families and strengthen Penn State’s land-grant impact”
See the link below. From the article:
“UNIVERSITY PARK, Pa. — Penn State leaders are requesting increased appropriations for the 2024-25 fiscal year that, if approved by the commonwealth, would narrow the per-student funding gap that exists between Penn State and Pennsylvania’s other public universities. The funding request is being submitted as a part of the commonwealth’s annual budget process.
During its meeting today (Sept. 7), the Penn State Board of Trustees’ Committee on Finance, Business and Capital Planning recommended for approval a total appropriation request of $483.4 million for 2024-25, representing an increase of $120.1 million, or 33%, over anticipated 2023-24 state funding. The full board will vote on the University’s appropriation request during its meeting on Sept. 8.
At this time, Penn State’s 2023-24 appropriation is still being reviewed by the state General Assembly, and the University remains optimistic that funding for the state-related universities will be approved within the next several weeks. However, Penn State is proceeding as usual with its 2024-25 funding request, in accordance with the instructions provided by the various commonwealth departments that appropriate funds to the University.
With Penn State’s per-student state funding ranking last among the commonwealth’s public universities, as well as significantly below the national average, Penn State is seeking a general support appropriation of $368.1 million for 2024-25, representing an increase of $108.8 million, or approximately 42%, over anticipated 2023-24 funding levels (based on the 7.1% increase proposed by Gov. Josh Shapiro in March). Penn State’s general support appropriation last increased in the 2019-20 fiscal year. This funding is used to provide a discounted in-state tuition rate that benefits more than 42,000 Pennsylvania-resident undergraduates and their families each year.”
See the link below. From the article:
“UNIVERSITY PARK, Pa. — Penn State leaders are requesting increased appropriations for the 2024-25 fiscal year that, if approved by the commonwealth, would narrow the per-student funding gap that exists between Penn State and Pennsylvania’s other public universities. The funding request is being submitted as a part of the commonwealth’s annual budget process.
During its meeting today (Sept. 7), the Penn State Board of Trustees’ Committee on Finance, Business and Capital Planning recommended for approval a total appropriation request of $483.4 million for 2024-25, representing an increase of $120.1 million, or 33%, over anticipated 2023-24 state funding. The full board will vote on the University’s appropriation request during its meeting on Sept. 8.
At this time, Penn State’s 2023-24 appropriation is still being reviewed by the state General Assembly, and the University remains optimistic that funding for the state-related universities will be approved within the next several weeks. However, Penn State is proceeding as usual with its 2024-25 funding request, in accordance with the instructions provided by the various commonwealth departments that appropriate funds to the University.
With Penn State’s per-student state funding ranking last among the commonwealth’s public universities, as well as significantly below the national average, Penn State is seeking a general support appropriation of $368.1 million for 2024-25, representing an increase of $108.8 million, or approximately 42%, over anticipated 2023-24 funding levels (based on the 7.1% increase proposed by Gov. Josh Shapiro in March). Penn State’s general support appropriation last increased in the 2019-20 fiscal year. This funding is used to provide a discounted in-state tuition rate that benefits more than 42,000 Pennsylvania-resident undergraduates and their families each year.”
