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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  • by Sheila Location: Richmond on Jun 18, 2008 at 07:58 AM
    Is he the only one derserving of a bonus at UK?? It takes more than 1 person to run a university. If one person gets a raise or bonus the others should also get one.
  • by ghettochip Location: richmond on Jun 18, 2008 at 07:45 AM
    it would be good of old todd to give the entire bonus back to the university. it could save 3 staff positions. doesn't he make enough already? i don't get how the top moneymakers get more during an economic hardship while the ones who do the grunt(REAL) work either get cut or no extra pay to keep up with the cost of living. it's a poor example to set for those trying to make a living with minimal pay. why not join the welfare candidates? many of them have more than i do and i am a state employee working in education. no wonder we are in this economic crisis. it seems that no one with a high salary or in high political office really cares about the welfare of citizens. it's all about their own pockets and what is in them. smart, it is. i bet he has no idea how dumb and greedy this makes him look to others. maybe when no one can afford(except students on scholarship/sports)to attend UK and enrollment drops, he'll realize that he should've put his money where his mouth is. Job Security.
  • by east kentucky Location: pike on Jun 18, 2008 at 05:21 AM
    I wish the local school board would give teachers a bonus during these HARD times. UK keep raising tuition.


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