Kentucky Avoids Higher Education Budget Cuts, Institutions to Receive Additional $20 Million in CARES Funds
Last month, Kentucky’s Governor Andy Beshear (D) announced that the state would be able to balance its budget without making additional cuts in funding to state agencies, which included a possible 8% cut to the state’s higher education budget. Like many other states, Kentucky was able to avoid some budget cuts thanks to the Federal Coronavirus Aid, Relief and Economic Security Act (CARES Act), and the state also experienced an economic rebound during the summer.
On Nov. 17, Gov. Beshear announced the state’s colleges and universities would also receive an additional $20 million in funds from the CARES Act. Aaron Thompson, President of the Kentucky Council on Postsecondary Education, said the funds would “shore up our colleges and universities at a vital time.”