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Tue November 6, 2012
UK Cuts To Be Reduced
LEXINGTON, Ky. - University of Kentucky President Eli Capilouto announced Monday that budget reductions for the 2013-2014 Fiscal Year are being pared back. The president made the comments at a forum for faculty, staff, and students.
The reductions are the result of a larger-than-expected first year class and increased tuition revenues. Rather than facing a 4.2 percent cut, academic units will be asked to absorb a 2.1 percent cut. Even with the glimmer of good news, some staff members, such as Jim Ryder, who works for the university’s physical plant, pressed the president for more assurances.
"The teamwork that we provide is not valued in the way that we would like it to be valued, and I would like to hear some kind of a commitment about that, some comment that we are in fact valued," Ryder said.
Capilouto told the crowd that it would be up to colleges and to make most of the important decisions regarding their own budgeting, but he did assure staff that they are an integral part of the university.
"Please know that I don't diminish everybody here to dollars and cents," the president said.
The president said he doubts UK will see a similar growth in enrollment next year. He also struck a cautious tone when discussing student retention and graduation rates, areas where UK lags behind its competitors.