UK Faculty Blasts University President In Memo - Associated Press

The University of Kentucky Senate Council says UK President Eli Capilouto has created a budget crisis. The Lexington Herald-Leader reported the faculty group sent a memo to Capilouto on Thursday in which members said they recognized dwindling state financial support was part of a cutback, but said the current budget crisis is largely due to presidential priorities that include more than $50 million in new spending. Those initiatives include $15 million in a new debt service fund to aid with construction projects, more scholarships, a pool for 5 percent merit raises and other strategic investments. "He talks about how important undergraduate education is, but on the other hand, we're facing very large cuts, some of which are not due to the state budget, but are due to decisions that he made," said chemistry professor Bob Grossman, who is vice chairman of the Senate Council. http://www.lex18.com/news/uk-faculty-blasts-university-president-in-memo-305895/