23 August 2012 0 Comments

Liberty Index 2012 Appropriations Acts Part 10 – Act 10A of 2012 Penn State Subsidy

Appropriation Act 10A 0f 2012 June 30  SB 1466 General Appropriation Act of 2012

The Liberty Index scores Act 10A AGAINST LIBERTY because of the misallocation of resources. Forcing taxpayers to fund education Leviathan has not proven to produce results contrary to the rhetoric.

 

 

 

 

Morality at Penn State 0   Government/Taxpayer Appropriation $227,694,000

Appropriation Act 10A    July 2 SB 1122 Pennsylvania State University

HOUSE FISCAL NOTE Penn State  Senate Bill 1122 is the Commonwealth’s non-preferred appropriation to the Pennsylvania State University for fiscal year 2012-2013

 ANALYSIS: This legislation appropriates a total of $227,694,000 for Penn State University. It specifies $214,110,000 is for general support and $13,584,000 is for the Pennsylvania College of Technology. These are the same amounts that were appropriated for fiscal year 2011-2012. It also directs the appropriation of the moneys of the restricted account within the Agricultural College Land Scrip Fund for the 2012-2013 fiscal year.

 

In the past 9 years, Centre County/Penn State Senator Jake Corman, Senate Appropriations Chair,  has voted to give about a QUARTER BILLION Taxpayer Dollars a year,  more than $2,000,000,000 over 9 years– Two Billion Dollars that  Pennsylvania Taxpayers were forced to give to Penn State’s Administrators, Staff, Faculty because, you know… there aren’t any other colleges or universities in Pennsylvania and the subsidies keep tuition from rising on middle class.

Act 14A of 2011

Act 10A of 2010

Act 15A of 2009

Act 7A of 2008

Act 10A of 2007

Act 10A of 2006

Act 9A of 2005

Act 9A of 2004

Act 10A of 2003

The tuition increase along with state aid will help support a total university budget of just over $4 billion. Tuition and fees produce a third of the university’s revenue.

History of the tuition increases for in-state freshman students attending Penn State’s State College campus. Penn State’s undergraduate tuition rates vary:

  • 2009-10 — 4.5% $13,604
  • 2008-09 — 5.9% $13,014
  • 2007-08 — 5.5% $12,284
  • 2006-07 — 5.6% $11,646
  • 2005-06 — 5.9% $11,024
  • 2004-05 — 12% $10,408
  • 2003-04 — 16% $9,296
  • 2002-03 — 13.5% $8,008
  • 2001-02 — 7.8% $7,054

Penn State Fact Book

Penn State Fact Book Graduation Rates  4 year  70. 5, 5 year  67.5 and 6 year 47.9  

National Center for Education Statistics

In addition to Pennsylvania Taxpayer subsidies, there are also US government federal subsidies

Federal Student Aid and the Law of Unintended Consequences 

Hillsdale Imprimis May/June 2012 • Volume 41, Number 5/6 Richard Vedder Professor of Economics, Ohio University

 

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