HIGHLIGHTS OF 2001-2002
BUDGET PLAN
Internal budget
reductions: This will
be the tenth consecutive year for internal budget reductions. Since 1992-93,
Penn State has reallocated nearly $84 million.
Salary adjustments and
benefits cost increases: The competitiveness of Penn State's faculty and staff salaries
is of special concern. In recent years, salaries have slipped in comparison to
peer institutions. The proposed increase will begin a multi-year effort to
recover lost ground. Special funding requests:
Information Sciences
& Technology (IST) - Additional funds are required to
complete the build-up of the educational programs in IST, an area which is
critically important to the economic vitality of the Commonwealth.
College of Medicine - Penn State is asking for
additional support from the Commonwealth to ensure the viability of the College
of Medicine.
Environmental compliance - Penn State seeks
the assistance of the Commonwealth to provide funding for complying with
federal and state environmental regulations. |
Libraries, Computing, and Telecommunications:
An
increase in the information technology fee will provide additional funds to
help maintain library resources and to keep pace with rapidly expanding student
computing and telecommunications needs.
Facilities:
- Maintenance and operation of new
facilities coming on line during 2001-2002.
- Deferred maintenance funds to help reduce the major
maintenance backlog.
- Capital improvement program - The third
year of a plan to provide funding for critical capital
construction and renovation projects over and above what might be
received from the Commonwealth.
Other operating cost increases:
- Student Activities, Academic Initiatives and Other Program Needs
- Tuition rate increase, including a basic
increase and additional amounts to support the capital improvement
program and the salary increase initiative.
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