Report: Wolf to Propose $49 Million Increase To Penn State’s Appropriation
Penn State might be seeing a boost to its coffers courtesy of Governor Tom Wolf.
According to a report from StateCollege.com, Wolf’s proposed budget is expected to include a 23 percent funding increase for the university. Penn State is expected to receive $263.7 million in Wolf’s proposed budget, up from $214.1 million last year. Wolf’s proposed budget is set to be released tomorrow.
Wolf’s proposed increase is part of a two-year plan to fully restore the university’s state appropriations according to the StateCollege.com source. Penn State’s appropriations were devastatingly cut by the state’s previous governor, Tom Corbett, in 2011. The university received level funding the past three years after seeing its budget cut by $50 million in 2011.
Penn State President Eric Barron lobbied for more funding, citing the university’s economic impact not only on the Centre Region, but across the commonwealth through its campuses in his proposal to Wolf. In the proposal, he emphasized this impact along with the university’s outreach throughout the state and its emphasis on entrepreneurship in order to receive more funding.
Wolf’s agreement with Barron falls in line with his campaign promise to focus on education more than his predecessor. With increased state appropriations, in-state students can expect to see their tuition stay at the same rate since most of the money is generally used to subsidize their tuition.