Release Date: November 4, 2003
Contact: Sue Patrick
Phone: (502) 573-1555
(Frankfort, Ky) The Council on Postsecondary Education approved an operating and capital budget recommendation for Kentucky’s colleges and universities for the 2004-06 biennium. It totals $2.3 billion, an increase of $65.8 million for 2004-05, and $113 million for 2005-06.
“This budget reflects Kentucky’s needs: it will help our colleges and universities handle rapidly expanding enrollments, keep higher education affordable for Kentucky families, strengthen our workforce, and provide adult basic education opportunities to the one in four Kentuckians who lack a high school credential,” said Council President Tom Layzell.
The Council’s top priority is funding increases for Kentucky’s public universities, the Kentucky Community and Technical College System, and Lexington Community College to help pay for the over 42,000 additional students who have come to their campuses since 1998.
The budget also includes an expansion of Kentucky’s adult education program. Since 2000, enrollments in adult education have increased from 51,000 to over 109,000. The goal is to triple that number by 2010. The recommendation also includes a fourth round of Bucks for Brains to help Kentucky continue to attract researchers who will solve problems and create jobs.
The Council also recommended $378.4 million to build new space and to renovate existing space on the campuses, including research buildings at the University of Kentucky and University of Louisville, a new classroom building at Lexington Community College, and new facilities in cities like Owensboro, Manchester, Franklin, Ashland, Henderson, and Madisonville.
According to President Layzell, “This budget recommendation reflects the success of the first six years of postsecondary education reform and the need to maintain Kentucky’s momentum. It helps pay for the over 42,000 additional students on Kentucky’s campuses, provides the institutions with the resources they need to help their students be successful, and continues to expand access to postsecondary education across the Commonwealth.”
The request will be submitted to the governor’s office this week.