higher ed cuts

Matt Markgraf, WKMS

'Privatized' was the word Murray State University President Bob Davies repeated in a town hall forum on Friday addressing the budget and tuition.

The landscape of higher education is facing significant business model changes, said Murray State President Bob Davies, pointing to declining state appropriations as well as increased competition for students due to performance funding and other factors.

WKU Public Affairs, via WKYU

Western Kentucky University President Timothy Caboni has emailed WKU employees the recommendations made by the school's budget council on how to handle a major budget shortfall, reduced state support for higher education, and increased pension obligations.

Morehead State University Facebook

Morehead State University has announced voluntary employee buyouts in response to budget cuts and rising pension costs.

Matt Markgraf, WKMS

The Murray State University Board of Regents Finance Committee, along with most of the other Regents met Tuesday afternoon to discuss potential financial challenges in the forthcoming years at Murray State. President Bob Davies said many of the unknowns (like state appropriation and pension liability) may be answered in the upcoming legislative session, but felt the discussion couldn't wait until then. 

J Tyler Franklin / WFPL

The University of Louisville is planning to cease funding for the campus newspaper amid the school's $48 million budget shortfall. 

Matt Markgraf, WKMS

Murray State University’s president said Governor Matt Bevin’s call to reduce more than 17% of the state budget this year doesn’t have a direct impact on the state’s public colleges and universities, but higher ed officials are bracing for an 'indirect' cut of more than $7 million dollars.

Matt Markgraf, WKMS

Southern Illinois University has approved a 'financial sustainability plan' that includes recommendations to close seven programs at the Carbondale campus. 

Sergey Kuzmin/123rf Stock Photo

Update/Clarification: Murray State officials said Monday the university is predicting a decline in net tuition and fees this fiscal year, which the university plans to mitigate in the next fiscal year budget. The story has been updated to reflect this detail.

Murray State University is predicting a $4.5 million decline in net tuition and fees in fiscal year 2017, which officials hope to mitigate in the next budget. 

Matt Markgraf, WKMS

Addressing the campus community Thursday, Murray State University President Dr. Bob Davies touted department, faculty and staff accolades and touched on how the university plans on navigating through sociopolitical and economic challenges. Davies delivered his State of the University Address, titled "Lofty Aims and High Aspirations: Our Most Significant Fortune" at Wrather Museum. 

Dr. Bob Davies, Murray State University

Murray State University's homecoming weekend coming up ahead of Halloween and numerous financial changes are underway, including implementing federal Fair Labor Standards Act (FLSA) changes and the recent court decision reallocating 2% of a state appropriation back to university budgets. On Sounds Good, Matt Markgraf catches up with President Bob Davies on these topics, also what being a "Marketplace of Ideas" means for the university community and his thoughts on suggestions of a payroll tax in Murray.

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