UK Trustees Set To Approve Budget For Coming Year
LEXINGTON, Ky. -- University of Kentucky trustees are set to approve a spending plan for the coming year. The proposed $2 billion-plus budget comes before the trustees' finance committee Tuesday morning on the Lexington campus.
The full board of trustees is scheduled to vote on the budget later in the day.
The spending plan includes a 3 percent tuition increase for in-state, undergraduate students. That would be the lowest tuition increase in 15 years at the state's flagship university. The plan includes a 6 percent tuition increase for out-of-state undergraduates.
UK President Eli Capilouto has said he hopes to provide a pool of money in the next budget for a merit-based pay raise of 5 percent for faculty and staff.
The Trustees are also expected approve UK HealthCare’s plans to open 64 more beds in Pavilion A of the University of Kentucky Albert B. Chandler Hospital.
The eighth floor of the 12-story pavilion is targeted for completion in the Fall of 2014.
Dr. Michael Karpf, UK executive vice president for health affairs, says they are in critical need of more beds for the cardiovascular program.
The $30 million project includes 24 intensive care unit beds that will meet the sophisticated needs of UK HealthCare’s comprehensive cardiovascular program that includes patients with complex advanced subspecialty needs such as transplantation, artificial hearts, and ventricular assist devices.