Saturday, January 21, 2017

Pitt planning for budget cuts for 2017-18 fiscal year - Amanda Reed, Pitt News

Even with a $3.6 billion endowment, possible budget changes from Harrisburg could mean Pitt will have to find other funding sources in the 2017-2018 fiscal year. The University uses funds from the state for teaching instruction, financial aid, student services like the wellness center and the Student Organization Resource Center, maintenance and facilities costs and administrative support. Last year, Pitt received $146.77 million from the state. This year, Pitt requested $154.11 million from the state government, which is $7.34 million more than what it received last year. But the current state of Pennsylvania’s finances — with a projected $603.8 million deficit approaching — means that there could be budget cuts. “A state cut is something we’re actually going to have to contemplate,” a recent University Times report quoted Chancellor Gallagher as saying to the University’s Senate Council Dec. 14.

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