On Friday, UK President Lee Todd foretold a grim financial future for the university in the next two years warning faculty, staff and students that the coming months could bring wage and hiring freezes, tuition hikes and possible layoffs.
Todd sent a campus-wide email saying UK had fared better than many other agencies in Kentucky in the face of budget cuts. Yet in handling the $25 million reduction in appropriations since December 2007, Todd said, “The easy decisions have already been made.” Todd said the current allocation from state funds to UK’s budget is $310 million, down 7.5 percent from December 2007.
