Message from the ChancellorF. Javier Cevallos
January 6, 2012
Dear KU Campus Community:
PASSHE Chancellor John Cavanaugh has requested that I send the following information to you:
In a press release issued yesterday, Governor Corbett called for a budget freeze in reaction to lower than anticipated revenues for the current year. Although not cited in the release, PASSHE is listed in the attached document along with a number of other independent agencies and is requested to freeze five percent or $20.6 million of the $412.7 million in state funding we received this year.
In the release the Governor said, "We did not make the decision to freeze these funds lightly. If the revenue picture improves in the months ahead and we determine these funds no longer need to remain frozen, we may be able to free up some or perhaps even all of the funds we are now placing into budgetary reserve."
As always, I will keep you abreast of this situation and will be sure to involve the appropriate individuals in any related decisions we make.
I wish you all the best in the New Year.
F. Javier Cevallos