Penn State projects $124M budget shortfall; state lawmaker raises concerns

UNIVERSITY PARK, Pa. (WTAJ) — Penn State University is facing a projected $124 million budget shortfall in its $2.2 billion education and general budget for the current year. University officials attributed the deficit primarily to declining student enrollment and rising employee health insurance costs. Lower-than-expected enrollment accounts for $87 million of the financial gap, driven [...]

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