Gov. Matt Bevin’s budget would cut UK’s state general funds by $110 million in 2 years

Kentucky governor Matt Bevin shakes hands with Secretary of State Alison Lundergan Grimes after he finishes addressing the Commonwealth with his budget for the next two years.

News Staff

Gov. Matt Bevin’s recommended budget would cut UK’s general funds from the $280 million in fiscal year 2016 to $254 million in 2017, and $170 million in 2018.

The Kentucky Council for Postsecondary Education requested that UK be allotted $298 million for 2017 and $316 for 2018 in general funds.

However, UK’s total funds would increase with Bevin’s budget. Restricted funds would increase from $2.9 billion in 2016 to $3.1 billion in 2017 and $3.4 billion in 2018.

Federal funds would also increase from $228 million in 2016 to $241 million in 2017 and $255 million in 2018.

The total funding would increase from $3.4 billion in 2016 to $3.6 billion in 2017 and $3.9 billion in 2018.

Bevin’s budget recommends that UK’s research spending remain the same — at $324 million in 2016 — through the next two years.

The Council for Postsecondary Education recommended that research spending increase to $342 million in 2017 and $360 million in 2018.

UK is one of seven U.S. universities to house schools of agriculture, engineering, law, medicine and pharmacy on one campus.

According to Bevin’s budget, UK researchers employ more than 8,000 Kentuckians who generate more than $21 million in state and local taxes annually.