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HIGHLIGHTS OF PENN STATE'S
2005-06
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.
— Strategic Academic
Initiatives — Address the most critical strategic academic
initiatives.
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APPROPRIATION
— Restore appropriation to the 2001-02
level — The University is requesting an increase of $17,634,000 to
restore the appropriation to the overall level provided by the Commonwealth
four years ago, before a series of cuts in our appropriation.
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TUITION
— Tuition increase of 5.8 percent -
If the Commonwealth were able to provide the requested appropriation increase,
the tuition rate 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 of $10,000,000 in the base support 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.
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