2013-14 Budget

An improving economy will mean more tax revenue flowing into Kentucky's General Fund, but budgeting will still be a challenge.

FRANKFORT, Ky. - State Budget Director Jane Driskell announced Friday Kentucky state government will wrap up the 2012-13 fiscal year in the black. Thanks to reigned-in spending by cash-strapped state agencies and a small bump in General Fund revenues, the state will close out the year with a surplus of just over $70M.

LEXINGTON, Ky.-- University of Kentucky trustees on Tuesday approved a $2.7 billion spending plan for the coming year that includes merit-based pay raises for faculty and staff, more money for scholarships and the school's smallest tuition increase in more than a decade.

The spending blueprint for the fiscal year that begins July 1 amounts to an increase of 2.7 percent, or $71 million, over the budget for the current academic year.

LEXINGTON, Ky. - As Urban County Council members begin hammering out a final spending plan, many around the horseshoe are also keeping a close eye on the job market.

UK Trustees Set To Approve Budget For Coming Year

Jun 11, 2013

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.