As Chancellor Mark A. Nordenberg enumerated Pitt’s recent and ongoing fiscal challenges at the June 26 Board of Trustees meeting, more bad news for Pitt was being released in the state capital. In a midday press conference, Gov. Edward G. Rendell was announcing a new round of proposed budget cuts that included an additional 13 […]
Impact of budget cuts unclear >
July 9th, 2009As state budget debates continue in Harrisburg and Pitt’s share of anticipated federal economic stimulus funding remains in question, financial uncertainty is on the rise at Pitt. In addition to Gov. Edward G. Rendell’s assertions that Pitt and its fellow state-related universities should not be included among public institutions of higher education for the purpose […]
Some retention bonuses donated >
July 9th, 2009The June 30 end of the University’s fiscal year continues to trigger retention incentives for Chancellor Mark A. Nordenberg and three University officers. Under an extension of the Board of Trustees’ 2002 retention incentive pay plan, Nordenberg will receive $75,000 because he has remained in his position for another year. Executive Vice Chancellor Jerome Cochran, […]
State-relateds defend public status >
July 9th, 2009Pennsylvania’s state-related universities have reacted strongly to Gov. Edward G. Rendell’s exclusion of Pitt, Penn State, Lincoln and Temple universities from the state’s application for federal economic stimulus funding. In separate letters, Chancellor Mark A. Nordenberg and Penn State President Graham Spanier have asked U.S. Department of Education Secretary Arne Duncan to reject the state’s […]
City plan could be costly for Pitt >
July 9th, 2009Last week’s approval by Pittsburgh City Council and Mayor Luke Ravenstahl of the five-year roadmap to steady the city’s shaky finances potentially could cost Pitt some major bucks. The new Amended Recovery Plan, mandated by a state-appointed oversight board under the Municipalities Financial Recovery Act 47, has authorized the city to pursue several new revenue-generating […]