UK Approves $2 Billion Budget

LEXINGTON, Ky. (AP) - The University of Kentucky Board of
Trustees has approved a $2.2 billion budget for 2008-2009 that
includes eliminating 188 staff positions.

University president Lee Todd Jr. says the budget is "far from
perfect," but that it represents the university's decision to move
toward its goal of becoming a Top 20 public research university.

UK is making up for $20 million in state cuts by freezing
faculty pay and eliminating 188 staff positions. All but 15 of
those positions are already vacant.

Meanwhile, Todd will receive a bonus of $95,500 after receiving
a score of 97 out of 100 for his performance during the 2007-2008
academic year. The rating qualified Todd for a bonus of more than
$145,000 dollars, but according to the university's release, Todd
asked the board to transfer $50,000 to campus programs.

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