Budget

Penn State leaders voice support for performance-based funding at campus hearing

Tue, 21 Jan 2025 19:30:00 -0500

Several Penn State leaders spoke in favor of performance-based funding at a campus hearing held by the state's new Performance-Based Funding Council on Jan. 21. The hearing was the first of three that the council will hold on the campuses of Pennsylvania's state-related universities as it develops recommendations for a performance-based funding process for Penn State, Pitt and Temple.

Pa. House focuses on college affordability during hearing at University Park

Thu, 19 Sep 2024 13:22:47 -0400

Students, administrators and staff from several Pennsylvania higher education institutions testified about college affordability in front of the Pennsylvania House Education Committee during a hearing held Sept. 17 at Penn State’s University Park campus.

Penn State, Temple and Pitt award joint office supplies contract

Tue, 10 Sep 2024 15:30:00 -0400

Penn State, Temple University and the University of Pittsburgh collaborated on a joint request for proposal for office supplies, resulting in significant cost savings and supporting local economic growth through innovative partnerships.

Pa. students the focus of Penn State’s $40M request for increased state support

Thu, 05 Sep 2024 15:45:42 -0400

As an incremental step toward raising Penn State’s per-student state funding to match Pennsylvania’s other public universities, Penn State leaders are requesting a $30 million increase in the University’s 2025-26 general support appropriation — part of a total $40.1 million requested increase in state funding.

Committee advances proposed update to University capital plan

Thu, 05 Sep 2024 15:32:53 -0400

The Penn State Board of Trustees Committee on Finance and Investment received the annual University capital plan update and advanced a proposal on Sept. 5 to increase the plan by $224.7 million.

University begins process for annual salary increase for faculty and staff

Mon, 22 Jul 2024 14:50:42 -0400

Penn State leaders have indicated that the process to provide an annual salary increase to eligible non-union faculty and staff for fiscal year 2023-24 will commence in late July. The increase in pay will be reflected in eligible employees’ September 2024 paychecks, and increases will be retroactive to July 1, 2024.

Board of Trustees approves 2025-26 operating budget, tuition schedules

Thu, 18 Jul 2024 16:05:00 -0400

A balanced Education and General budget and tuition freeze for Pennsylvania resident undergraduates at the Commonwealth Campuses highlight Penn State’s 2025-26 fiscal plan, approved July 19 by the Penn State Board of Trustees. 

General Assembly approves Penn State’s 2024-25 state funding

Thu, 11 Jul 2024 22:55:41 -0400

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.

Pa. General Assembly passes bill establishing Performance-based Funding Council

Thu, 11 Jul 2024 21:34:19 -0400

A Penn State-supported bill that advances performance-based funding for Pennsylvania’s state-related universities passed the Pennsylvania General Assembly on July 11 and is headed to Gov. Josh Shapiro for his anticipated signature.

Penn Staters encouraged to speak up in support of University’s state funding

Mon, 08 Jul 2024 16:00:00 -0400

Advocate Penn State is encouraging every member of the Penn State community to reach out to their state legislators and urge them to support Penn State's first funding increase since 2019. All Penn Staters can click here to advocate now.

Students pen letter to legislative leaders in support of increased state funding

Thu, 20 Jun 2024 15:42:36 -0400

A group of Penn State student leaders followed their Capital Day advocacy efforts with a letter to legislative leaders encouraging them to support increased state funding for the University.

Educational videos on budget model, associated workbooks now available

Mon, 13 May 2024 09:37:32 -0400

The videos, featuring Senior Vice President for Finance and Business Sara Thorndike, are now available to provide the Penn State community with additional resources to help understand the University's budget model and unit budget allocations.

University leadership shares budget model insight with Faculty Senate

Thu, 09 May 2024 12:51:56 -0400

Penn State’s Faculty Senate held an off-cycle meeting on May 7 to walk through the details of the University’s budget model with Senior Vice President for Finance and Business Sara Thorndike. This meeting built upon the high-level presentation Thorndike gave on the budget model during the April meeting of the Faculty Senate.

Penn State offers Voluntary Separation Incentive Program to eligible Commonwealth Campus employees

Wed, 08 May 2024 14:50:17 -0400

As a critical step in its efforts to attain a sustainable financial operating model for its Commonwealth Campuses and position the university for a successful future, Penn State is offering eligible full-time faculty, staff and administrators employed at its Commonwealth Campuses the option to leave Penn State with a significant pay and benefits package.

University to provide $10.2M to centrally fund faculty promotions in FY25, FY26

Tue, 07 May 2024 09:30:00 -0400

As part of an ongoing commitment to investing in faculty and staff, Penn State will be contributing more than $4.8 million toward faculty promotions in the fiscal year 2024-25 budget and $5.4 million in fiscal year 2025-26. Along with support for tenure-line promotions, the University will now also fund non-tenure-line faculty promotions at all campuses centrally starting in fiscal year 2024-25 — meaning these promotions and salary increases will not be funded out of individual college, institute or campus budgets.

Penn State advocacy is crucial on Capital Day On Campus

Thu, 04 Apr 2024 15:55:00 -0400

Capital Day On Campus at University Park returns from 11 a.m. to 4 p.m. on Friday, April 12, at the Monumental Staircase in the HUB-Robeson Center to encourage students and the campus community to advocate for fair state funding for Penn State and its students.