FRANKFORT, Ky. (AP) - The presidents of the state's research
universities discussed with lawmakers how they are dealing with
nearly $29 million in combined state budget cuts.
University of Kentucky President Eli Capilouto and University of
Louisville President James Ramsey testified Thursday before the
House Subcommittee on Postsecondary Education to discuss their
funding needs and what their institutions are doing to generate
income and cut costs.
Capilouto said UK has achieved $118 million in savings since
2001-2002 with measures such as implementing a wellness program for employees and avoiding duplication of expenses and will continue to work on achieving savings.
Ramsey said U of L has a $1 billion private fundraising goal
and, like UK, hopes to generate much greater income through
Because of the recession, the state has to cut spending.
(Copyright 2012 by The Associated Press. All Rights Reserved.)