UK trustees set to approve budget for coming year

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Associated Press

University of Kentucky trustees are set to approve a $2.7 billion spending plan for the coming year.
   
The proposed budget cleared the trustees' finance committee on Tuesday.
   
The full board of trustees is scheduled to vote on the budget later in the day on the Lexington campus.
   
The spending blueprint amounts to a 2.7 percent increase over the budget for the current academic year.
   
The spending plan includes a 3 percent tuition increase for in-state, undergraduate students. That would be the lowest tuition increase in 15 years at the state's flagship university. The plan includes a 6 percent tuition increase for out-of-state undergraduates.
   
UK President Eli Capilouto hopes to provide a pool of money in the next budget for a merit-based pay raise of 5 percent for faculty and staff.

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