Budgets and new rules will be among the issues on the table for Penn State trustees this week.
The university leaders will meet Thursday and Friday at Penn State Beaver in Monaca.
The proposed operating budget for 2015-16 will be one of the first topics under discussion, coming on the agenda for the finance, business and capital planning committee on Thursday, the first of six committee meetings that day.
Though the agenda just lists it as an action item with no description, a glance at the agenda for the voting session of the full board on Friday gives a picture of what could be under discussion.
That shows a picture of a budget with lots of contingencies.
Penn State’s budget depends in part on the state’s spending plan, which is held up in an ongoing financial and political tug-of-war between Gov. Tom Wolf, whose first budget is heavy on education funding including $49 million in increases for Penn State, and the General Assembly, led by state Senate Majority Leader Jake Corman, R-Benner Township, who has been adamant that pension reform is the top priority.
That budget was supposed to be passed by the start of the fiscal year July 1, but Harrisburg remains at an impasse.
The trustees have crafted a resolution that allows the business of the state’s largest university to continue if the budget remains uncertain by the time they meet, if the budget is passed with the governor’s increase, or if the legislature wins out and the state’s appropriations are more modest.
A discussion about the budget and the legislature is also on the agenda for the outreach, development and community relations committee on Thursday.
The governance and long-range planning committee is set to reopen discussions on the need for a standing nominating committee and the rules the trustees follow as they conduct business. Both have been topics for months.
The committee on compensation is set to have discussions about the pay for certain executives and President Eric Barron. A motion on the full board agenda shows a vote will be taken on Barron’s compensation, the terms of which will be revealed in an executive session.