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HIGHLIGHTS OF PENN STATE'S
2004-05
BUDGET PRIORITIES
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BASIC OPERATING COSTS
— Benefits and Insurances —
Respond to rapidly escalating costs for health
care
and
property and liability insurances, plus increases in retirement and social
security
costs.
— Facilities — Provide
for facilities cost increases, including support for
deferred
maintenance
projects, maintenance and operation of new facilities, and fuel
and
utilities
cost increases.
— Faculty and
Staff Salary Adjustments — Maintain competitive faculty and
staff salaries.
— Academic Programs —
Address the most critical academic program needs.
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APPROPRIATION
— Restore appropriation to the 2001-02
level — The University is requesting
an
increase of
$28,348,000 to restore the appropriation to the level provided by
the
Commonwealth
three years ago, before a series of cuts in our appropriation.
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TUITION
—
Basic tuition increase of 4.0 percent - Pennsylvania resident students
would have
a
basic tuition
increase of 4.0 percent if the appropriation is restored to the 2001-02
level.
—
Alternative scenario - If the Commonwealth is able to restore Penn
States
appropriation
only to the 2002-03 level (appropriation increase of
$16,127,000),
then
the basic tuition increase for Pennsylvania resident students would be
5.8
percent.
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STRATEGIC INVESTMENT PRIORITY: MEDICAL EDUCATION
— Penn State is requesting an
increase in the base support of $10,000,000 for
the
College of
Medicine to help offset the decline in income provided from
hospital
clinical
operations and to bring Commonwealth support of medical education
more
in line
with public medical schools nationally. This is part of a multi-year request
to
insure the
future viability of the College of Medicine. |