The University of Louisville board of trustees has approved a $946 million budget and started the process of trying to convince President James Ramsey to agree to a contract extension.
The contract for Ramsey, hired in 2002, is scheduled to expire in 2012, at which point he has said he plans to retire. After meeting in closed session, board chairman Owsley Frazier directed a panel of trustees to work with Ramsey on an extension. Ramsey, according to the university, said he was "open" to staying on.
Like the University of Kentucky's trustees, who approved UK's budget Tuesday, the U of L board approved spending for 2009-2010 that doesn't include money for faculty and staff raises.
Kentucky's public universities are expecting state funding to remain flat from this year to next under Gov. Steve Beshear's budget plan. UK and U of L both will have 5 percent tuition increases.