PSU, PA budget processes under way

Corbett will announce budget proposal in February

Penn State Grassroots NetworkOctober 28, 2013 

Penn State's budget process and the Commonwealth of Pennsylvania's budget process are both under way, though in a low-profile way right now. But the process will enter a more public phase in February 2014.

There's probably no need to talk specifics about Penn State's budget request with state legislators right now. But for now, here are some good things to know.

In September, Penn State asked the state for a $299.7 million appropriation for the 2014-15 budget year. And in early October, Pennsylvania's state agency heads submitted their budget requests to state budget secretary Charles Zogby.

The public part of the state budget preparation process will begin in early February 2014, when Gov. Tom Corbett announces his 2014-15 budget proposal. According to state law, a budget is supposed to be passed by the state legislature and signed by the governor by June 30.

 

In the meantime, here’s what will happen:

 

n  Now through January 2014. The state budget office will review agency budget requests for accuracy and adherence to the governor’s policy guidelines, analyze the requests, and prepare funding recommendations for Corbett and Zogby.

 

n  December. Corbett will meet with legislative leaders to advise them of anticipated spending and revenue levels and discuss major fiscal issues. Zogby will make recommendations to Corbett about the agency budget requests, and Corbett will review the proposals in order to make the final budget decisions.

 

n  February 2014. Corbett will deliver his budget address in early February. Typically this is done on the first Tuesday of the month, during a joint session of the General Assembly.

 

Penn State’s appropriation request of $299.7 million reflects an increase of$14.7 million in 2013-14 funding, or 5 percent.  If the state approves a $299.7 million appropriation, Penn State will hold its aggregate tuition increase to 2.85 percent.

 

Between now and the June 30 budget deadline, many variables could change and many factors will affect the final state budget and the amount of Penn State’s appropriation.

 

So stay tuned, please!

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