The PA Budget and Independent Colleges and Universities. October 2008. Overview of 2008-2009 PA Budget. The 2008-2009 General Fund budget is $28.3 billion, an increase of $1.1 billion, or 3.98 % over last year’s budget. More than 32% of this increase is for education.
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The PA Budget and Independent Colleges and Universities
The 2008-2009 General Fund budget is $28.3 billion, an increase of $1.1 billion, or 3.98 % over last year’s budget.
More than 32% of this increase is for education.
This budget includes $350 million for state’s worst bridges, $15 million for airport and rail improvements
$1. 2 billion is appropriated for water and sewer infrastructure improvements.
The budget sets aside $650 million for investments in alternative and renewable energy projects.
The Community Action Team (CAI) received $987,000. This program coordinates the planning, technical and financial assistance, and implementation of key community development projects among the state agencies and departments involved in such projects.
The New Communities Program—includes Main Street, Elm Street, and Enterprise Zones—received approximately $17.8 million. This program helps communities address needs such as downtown revitalization, residential improvements, or economic development.
Infrastructure Development Program received $22.5 million. This program provides grants and loans to develop and improve business sites.
Opportunity Grant Program received $28 million. This program is used by the Governor’s Action Team to maintain and expand existing industries and attract new ones in PA.
Housing and Redevelopment Assistance received approximately $33.6 million. This program provides grants to communities, redevelopment authorities, and nonprofit organizations to improve blighted neighborhoods through redevelopment, to revitalize central business districts in aging communities to provide low-and moderate-income housing.
Land Use Planning received approximately $4.2 million. This program helps communities in the preparation, updating, and implementation of municipal and county comprehensive plans.
Urban Development Program received $20.5 million. This program provides grants for urban development and improvement projects.
Small Business Development Centers received $7.3 million. This program provides assistance to small businesses and entrepreneurs through education and networking events.
The Ben Franklin Technology Development Authority provides funding for the University Research Grants program
Keystone Innovation Zone grants are funded through the BFTDA. These grants are used to drive economic development partnering between universities and community focused-organizations.
Approximately $50.7 million has been appropriated for the BFTDA.
This is part of the World Trade Initiative which received $14 million.
This program was established in June of 2007.
It develops a network to help the DCED identify new trade and investment opportunities by connecting them with international alumni of PA colleges and universities.
This goal of this program is to promote advanced energy technologies proven to generate jobs, improve air quality, preserve land, protect watersheds, and enhance energy security.
Provides funds for clean energy projects to be built in Pennsylvania utilizing sources such as biomass, wind, solar, small-scale hydro-electric, landfill methane, coal-bed methane, and waste coal.
The Department of Conservation and Natural Resources provides funds for the protection and maintenance public green space.
Some of the funding programs include the Community Conservation Partnerships program and the Keystone Recreation, Park, and Conservation Fund
The Pennsylvania Housing Authority is an independent agency that provides financing for housing development projects
It is the leading provider of capital for affordable homes and apartments. Created to help enhance the quality and supply of affordable homes and apartments for older adults, persons, or modest means, and persons with disabilities, the PHFA operates homeownership programs, rental housing development initiatives, and a foreclosure prevention effort.