Penn State says colleges have received their next budgets created by new allocation model
While university officials say there aren’t plans for large-scale lay-offs or closures, many units will likely see their funding shrink.
While university officials say there aren’t plans for large-scale lay-offs or closures, many units will likely see their funding shrink.
The new model itself isn’t expected to balance the budget, but it will help the university get there by 2025.
Collections for the current July-to-June budget year are now $1.5 billion above expectations.