WKU budget

Education
12:57 pm
Wed June 19, 2013

WKU Board of Regents Set to Vote on $393.9 Million Budget Friday

Credit Kevin Willis

The WKU Board of Regents will vote on the school’s next budget at a meeting Friday afternoon. The nearly $394 million spending plan for 2013-14 is a 1.4 percent increase over last year’s budget.

If approved, 46 percent of the revenue used to run WKU would come from tuition and student fees. Only 18 percent of the proposed budget comes from state funding.

The budget vote comes after several tumultuous months on the WKU campus. In April, the Council on Postsecondary Education rejected President Gary Ransdell’s request for a 5 percent tuition increase, granting just a 3 percent hike. Ransdell told WKU faculty and staff that the decision meant the school was going to have to cut jobs.

However, within a few weeks of that announcement, Ransdell said WKU Vice-Presidents had come up with enough ways to cut costs and shift personnel that nobody on campus would lose their job.

The WKU Board of Regents meets Friday, June 21, at 12:30 p.m. in the Cornelius A. Martin Regents Room in the Mass Media and Technology Hall.

You can see the complete agenda for Friday's meeting here.

Education
9:11 am
Tue May 7, 2013

Ransdell: No WKU Job Losses Due to Upcoming Budget Cut

WKU President Gary Ransdell says there will be no job losses next year related to the school’s upcoming budget cut. Dr. Ransdell had been warning that personnel reductions were likely following the Council on Postsecondary Education’s decision to allow a 3% in-state undergraduate tuition increase next year, instead of the 5% hike WKU had requested.

But in an email to WKU faculty and staff yesterday, Dr. Ransdell said “no one will lose their employment at WKU" despite the school having to cut $2.1 million from its budget.

The WKU president said some employees might be relocated to other departments during the next academic year. He also said some 200 faculty members will receive market-salary adjustments worth a total of $500,000.

Education
4:47 pm
Wed March 20, 2013

WKU President: Expect Another 5% Tuition Increase, No Employee Salary Increases

WKU President Gary Ransdell says anything less than a five-percent tuition increase next year will result in a loss of jobs on campus. In a presentation to faculty and staff Wednesday, Dr. Ransdell outlined his thoughts on the school’s budget, tuition rates, and employee compensation.

He says if the Council on Postsecondary Education approves a four-percent tuition hike instead of the five-percent increase the school is seeking, it won’t be enough.

“Then we have to figure out where we’re going to come up with $1.3 million. A one-percent tuition increase equals $1.3 million. So we’ll have to reduce our spending by $1.3 million in some fashion or another. And the message here is that’s likely to result in a loss of jobs.”

Dr. Ransdell also said faculty and staff will likely see no salary increase next year, because such a boost would have to be paid for by eliminating positions on campus. WKU Faculty Regent Patty Minter told WKU Public Radio after the meeting that she disagrees with the notion that the only way to increase pay is by cutting jobs.

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Education
1:59 pm
Thu May 31, 2012

Less Than 19% of Proposed WKU Budget Comes from State Funding

The campus of WKU

WKU President Gary Ransdell has sent all faculty and staff an email containing the school’s proposed budget for the 2012-2013 fiscal year. The WKU Board of Regents Budget and Finance Committee will debate the $388 million blueprint at a meeting Friday morning, with a vote before the full Board scheduled for June 22nd.

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