Funding for state schools reached a peak about 5 years ago but since then, universities have faced a lot of cuts.
“This is $50 million in cumulative cuts that will be absorbed,” UK President Dr. Eli Capilouto told legislators in the House Budget Review Subcommittee Thursday morning.
UK is expected to trim their spending by $19 million based on cuts proposed by the Governor. Yet Beshear also suggests $200 million in an agency bond pool. And Dr. Capilouto says UK is moving forward with a plan to build thousands of more dorm rooms.
“Our housing is old and obsolete. It doesn’t lend itself to the modern living and learning arrangements that lead to student success,” said Dr. Capilouto.
State lawmakers were told that a Memphis construction and management firm will handle the renovation and it won’t just result in 3,000 additional beds, but he says it will create 300 to 400 new jobs.
Some Legislators say they want to know how budget cuts will affect students.
“What is the effect going to be on the programs and classes in your university? asked Rep. Jim DeCasare.
Capilouto says ever since he arrived..his goal has simply been focused on the students.
“And that’s going to be our guidepost as we go through these tough choices,” said Capilouto.
Starting with the housing improvement project Capilouto expects to start in a matter of months.