Penn State Projects $124M Budget Shortfall; State Lawmaker Raises Concerns

Penn State projects $124M budget shortfall; state lawmaker raises concerns

UNIVERSITY PARK, Pa. (WTAJ) — Penn State University is facing a projected $124 million budget shortfall in its $2.2 billion education and general budget for the current year. University officials attributed the deficit primarily to declining student enrollment and rising employee health insurance costs. Lower-than-expected enrollment accounts for $87 million of the financial gap, driven [...]

Penn State has $124 million budget shortfall, leaders say

Penn State faces a $124 million budget shortfall that leaders have attributed to enrollment declines at the closing commonwealth campuses and among international...

Penn State Expecting $124M Budget Shortfall

Penn State officials said on Monday that they are taking steps, including a series of targeted budget reductions, to address an expected shortfall of $124 million for the current fiscal year. The shortfall in the university's $2.2 billion education and general budget, which funds core academic programs, instruction and research, is the result of what Penn State says are financial pressures facing colleges nationwide, including overall enrollment…

Penn State Announces Projected $124 Million Shortfall In Education & General Budget

University leaders share the proactive steps to manage the financial shortfall.