During its meeting today (Sept. 7), the Penn State Board of Trustees’ Committee on Finance, Business and Capital Planning recommended for approval a total appropriation request of $483.4 million for 2024-25, representing an increase of $120.1 million, or 33%, over anticipated 2023-24 state funding. The full board will vote on the University’s appropriation request during its meeting on Sept. 8. At this time, Penn State’s 2023-24 appropriation is still being reviewed by the state General Assembly, and the University remains optimistic that funding for the state-related universities will be approved within the next several weeks. However, Penn State is proceeding as usual with its 2024-25 funding request, in accordance with the instructions provided by the various commonwealth departments that appropriate funds to the University.
