The University of Kentucky’s President is expressing thanks to Governor Bevin for reducing funding cuts in the current fiscal year. The governor released some $23 million to public universities Wednesday.
President Eli Capilouto expressed his appreciation while attending a regional energy forum on the UK campus, “It’s reminds me that our Center for Applied Energy Research is a state-funded entity.” Capilouto said the center brings in millions of dollars and creates jobs on the Lexington campus and across the Commonwealth.
This comes after Bevin’s announcement earlier this year that universities would see a 4.5 percent reduction. UK’s president says there was a cut reflected in a spring payment but that part of that money has now been restored. “I assume the checks are in the mail,” commented Capilouto.
The governor’s office says this year’s 2 percent reduction is in line with the state budget agreement. The adopted two-year spending plan still contains a 4.5 percent cut over the biennium in higher education.