College presidents say they will accept cuts
Kentucky’s college and university presidents say they will agree to budget cuts of 2 percent in the current year and 4.5 percent over the next two years to end the gridlock over state spending.
State lawmakers have been unable to agree on a two-year plan to spend more than $65 billion in public money because they cannot agree on how colleges and universities should be funded. If lawmakers do not pass a budget by July 1 portions of state government would shut down.
In a letter to Republican Gov. Matt Bevin, Republican Senate President Robert Stivers and Democratic House Speaker Greg Stumbo, nearly all of the state’s college and university presidents say they would agree to the cuts in order for lawmakers to pass a budget. Kentucky State University’s president did not sign the letter.