The University of Kentucky faces a potential budget deficit next year of more than $10 million, raising the prospect of job cuts and the possibility that some planned academic projects could be stalled indefinitely.
Draft estimates of cost increases and expected state funding cuts point to painful moves on the horizon, Angie Martin, UK's vice president of planning, budgeting and policy analysis, told the Herald-Leader on Friday.
UK, like the other publicly funded Kentucky universities, had to absorb a 2 percent budget cut last month, which UK officials say they expect state officials to extend into the next fiscal year, which begins in July.
Saturday, April 11, 2009
This from the Herald-Leader: