Eli Capilouto

Promises Made, Promises Kept

Published: Jun 13, 2013

Tuesday afternoon, the Board of Trustees overwhelmingly adopted a $2.7 billion university budget for the upcoming year, which starts July 1.
 

This budget, however, is more than simply a litany of numbers and huge dollar figures, laid out in an array of charts and graphs.
 

As a board and as an institution, we have made substantial promises to the Commonwealth we serve and to the students we educate.
 

This budget demonstrates in strategic detail and with a sense of strong and clear purpose that we are keeping those promises.
 

Indeed, the Board this afternoon strongly endorsed our institution's direction articulated nearly two years ago after months of campus dialogue about priorities and challenges we face as Kentucky's indispensable institution. Simply put, we seek to lead our Commonwealth by investing in our students and in the people who educate them.
 

Some highlights that underscore that strong direction:

  • Merit-based salary increases for our faculty and staff at a cost of more than $20 million. In addition, the University is funding the increase in health premiums for most employees.
  • 3 percent tuition and mandatory fee increases for resident students – the smallest in 15 years -- and 6 percent for non-residents.
  • Investments in safety and technology, investments that will, for instance, allow us to hire more counselors at our student counseling center to cut down on wait times as well as additional police officers on our campus.
  • A more than $1 million investment in eLearning to develop more courses and help with faculty and program development to assist in the transition to an even greater use of technology in the classroom. This investment augments the recent partnership we announced with one of the country's leading educational technology companies, Coursera, to provide greater online learning opportunities for prospective students.
  • An additional $7 million investment in scholarships and financial aid; 85 percent of Kentuckians who attend UK receive financial aid ― aid that does not have to be repaid. That continued investment meant that these Kentucky students paid, on average, only about $1,200 a semester out-of-pocket for tuition and mandatory fees last fall.
  • Millions of dollars for facility costs including maintenance and repairs; restoring some funding to our libraries; and, making additional strategic investments in academic departments and units that establish specific performance goals against which their progress will be measured.
  • Creating a debt service pool, totaling over $10 million, which we will utilize to help pay for facilities such as the new Science and Academic Building.

 

This institution, simply put, is on the move. We have momentum because we are focused on the right things for the right reasons ― investing in students, investing in people and investing in the facilities that help make learning, research and service possible. Our inarguable progress, though, is not a reason to rest. We face many challenges ― both economic and from those who argue that investment in higher education is an illusory proposition whose promise has long since faded.
 

We are Kentucky's indispensable institution because we are willing to adapt and change even as we honor a legacy of excellence built over 150 years. Our progress thus far ― and the solid foundation we are building together ― gives me incredible optimism about what lies ahead for the University of Kentucky. Thank you for what you are doing to make that optimism real.
 

"see blue."

 

 

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Job Club: Job Search Strategies for the New Year: A 15 Day Action Plan
Tue
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Bicycle Trivia
LNFS Presents: Hercules
Wildcat Wellness: Meditation
Wed
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LNFS Presents: Dazed and Confused
LNFS Presents: Boyhood
MLK "I Have A Dream" Silent March, Vigil & Program
Thu
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MLK Multicutural Org Fair
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Tue
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LNFS Presents: Mission Impossible 3
Wildcat Wellness: Meditation
Caregiver Support Group
Wed
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LNFS Presents: Big Hero 6
LNFS Presents: Together With You (He ni zai yi ki)
Thu
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LNFS Presents: Five Broken Cameras
LNFS Presents: Scott Pilgrim vs. the World
National Student Exchange (NSE) Info Session
Cultural Coffee Hour
Fri
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Pershing Rifles Drill Meet
Welcome Back Students Swing Dance!
Sat
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Sun
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Career & Major Exploration Session @ 11 a.m.
Career & Major Exploration Session @ Noon
Career & Major Exploration Session @ 2 p.m.
Mon
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Pinterest Party #1
Job Club: Using Networking to Find and Land a Hidden Job
Career & Major Exploration Session @ 1 p.m.
Career & Major Exploration Session @ 2 p.m.
Career & Major Exploration Session @ 3 p.m.
Tue
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LNFS Presents: There Will Be Blood
Wildcat Wellness: Meditation
National Student Exchange (NSE) Info Session
Chapel Talk: Why The Church Should Support Marriage Equality
Wed
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LNFS Presents: Mulholland Drive
LNFS Presents: Fury
Tattoo Exhibit
CatWatch Party #1
Thu
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LNFS Presents: Clerks
LNFS Presents: Friday
Cultural Coffee Hour
Faculty Media Depot Opening Reception
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Jan 30
LNFS Presents: Clerks 01/30/2015

Mon, 02/02/2015

Tue, 02/03/2015

Repeats every week until Thu Apr 30 2015 except Wed Mar 18 2015.
Wed, 02/04/2015

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