The university’s recommended Fiscal Year (FY) 2021-22 consolidated operating budget totals $5,078,502,700, an increase of  $649,113,200 (14.6 percent) over the prior fiscal year original budget. Over the last ten years, the university’s original operating budget will have increased 89.9 percent from $2.7 billion to $5.1 billion.
FY 2021-22 is the fifth year the Kentucky General Assembly used the performance funding model to allocate state appropriations to the public universities and the Kentucky Community and Technical College System (KCTCS). However, it is the first year the Commonwealth has invested new state funds into the model.
A 1 percent increase in tuition and mandatory fees for AY 2021-22 represents the second consecutive year of the lowest tuition and mandatory fee increase in at least 30 years.