2020 Legislative Session
Given the uncertainty surrounding the COVID-19 pandemic, the General Assembly approved a one-year state budget on Wednesday, April 1. Some quick highlights of the budget for UK:
- Holds basic General Fund support for our work at nearly the same level as this current year – approximately $260 million.
- Includes a pool of dollars for the state’s performance funding model, roughly $15 million, created by reallocating 2% of each public institution’s state funds to a performance pool. Those are resources the public universities compete for, based on measures of performance such as numbers of degrees conferred, number of student credit hours earned, and student progression. Because of your essential and excellent work, UK has performed extremely well in previous rounds of performance funding since the model’s inception three years ago.
- Provides investments in some critical priorities we’ve established, including capital funds for the Sanders-Brown Center on Aging, which needs infrastructure improvements; funding for cancer research and screening, spinal cord and head injury research; an Equine Analytical Chemistry Lab; and state mandated programs such as University Press of Kentucky, the Human Development Institute and the Sports Medicine Research Institute.
Read President Capilouto’s full message to campus here.
What does this mean for employees?
We’ve already taken one measure to prioritize our current employee base by pausing all new hiring, effective March 23. This hiring pause provides the time, space, and flexibility to assess work needs now and in the future – placing a premium on the work of our current employees.