On Jan. 28 Governor Beshear announced his budgetary plan for the next two years. This included a one percent increase for higher education in the Commonwealth of Kentucky. This equates to $8.6 million delegated to Kentucky universities, or $637,000 for Eastern Kentucky University alone.
The budget also includes $18.6 million delegated for helping universities with the 67.4 percent contribution rate for the Kentucky Education Retirement System (KERS).
In an email, David McFaddin, interim president, wrote,
“In summary, the evaluation of Gov. Beshear’s budget proposal is, in one-word, optimistic. We are supportive of the central tenants of this plan. However, we also understand there is still a long road ahead as lawmakers begin the budgetary process.”