State cuts, KentuckyOne separation inflate UofL operating loss to $316M; Pitino, Jurich payouts curtail assets - BORIS LADWIG, Insider Louisville

State funding cuts, big payouts for high-profile firings and a costly separation from KentuckyOne Health have undermined the University of Louisville’s financial position and escalated its fiscal year net operating loss to nearly $316 million. The loss is nearly $50 million worse than the year prior, primarily because of the institution’s separation from KentuckyOne Health, according to a new financial report the university posted on the controller’s office website Tuesday. https://insiderlouisville.com/education/pitino-jurich-payouts-state-cuts-kentuckyone-separation-inflates-uofl-operating-loss-to-316m/