Faced with declining enrollment and continued state spending cuts, the Kentucky Community and Technical College System Board of Regents has approved an $888 million budget for 2015-16. That is $36 million less than the current budget, according to a KCTCS news release.
The new budget, approved Friday, includes a 1 percent or $1,000 pay raise — whichever is greater — for full-time faculty and staff. Tuition will not increase.
"Despite these belt-tightening times, we cannot continue to place the burden of decreased state support on the backs of our students," KCTCS board chairman P.G. Peeples said.
"President (Jay) Box and the 16 college presidents have done an outstanding job of implementing efficiencies and cost-saving tactics that allow us to compensate faculty and staff for their dedication and untiring efforts in serving our students," Peeples said. "We only wish we could have done more."
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The board also reviewed the number of associate degrees, diplomas and certificates awarded for the 2014-15 academic year. For the third consecutive year, the number of academic credentials awarded to students increased, this time to 51,839.