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HIGHLIGHTS OF PENN STATE'S
2003-04 BUDGET
PRIORITIES
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BASIC OPERATING COSTS:
— Faculty and Staff Salaries —
Maintain competitive faculty and staff salaries.
— Benefits and Insurances —
Respond to rapidly escalating costs for health care
and
property and liability
insurances.
— Facilities
— Provide for facilities cost increases, including support for new
facilities,
deferred maintenance projects, and fuel and utilities cost increases.
— Academic Programs — Address
the most critical academic program needs.
Total
Basic Operating Costs — $14,529,000 (4.5 percent) |
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STRATEGIC INVESTMENT PRIORITY
— Medical Education —
Penn State is requesting an increase in the base support
for
the College of Medicine to help offset the decline in income provided from
hospital
clinical operations and to bring the Commonwealth’s 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.
Total
College of Medicine Strategic Investment — $10,000,000
APPROPRIATION
INCREASE REQUESTED — $24,529,000
TOTAL
APPROPRIATION REQUESTED —
$347,121,000 |
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