MSU's Board Set to Pass Budget Friday

Jun 5, 2014

Murray State University’s Board of Regents is poised to approve its annual budget at its quarterly meeting Friday.  MSU’s leadership team has spent another year looking to cut expenses and find more revenue as state funding continues to decline for state universities.

This year the state legislature passed a two-year budget that cuts operational funding 1.5 percent and requires universities to pay half of a state-mandated pension increase.

The board will also approve tuition rates for MSU.  On April 29th, WKMS reported the Kentucky Council on Postsecondary Education unanimously passed a two-year tuition and mandatory fee ceiling during a meeting. The two year cap of 8 percent is the first in the CPE’s history.

The council's measure limits the first year increase to 5 percent. MSU president Tim Miller said he plans to recommend that 5 percent increase to the MSU Board of Regents, Friday.

See the board’s full agenda.