WMKY

Regents pass MSU Budget

Jun 7, 2018

MSU Campus in Spring.
Credit Morehead State University

The Morehead State University Board of Regents passed the budget for the 2018-19 fiscal year Thursday.

The plan totals $147.3 million dollars, which is a $4. 9 million dollar decrease from the 2017-18 year.

The budget reflects a decrease in revenue of  $6.7 million dollars – due to decreased state funding and declining enrollment.

Chief Financial Officer Teresa Lindgren says the university cut $9.6 million dollars in personnel cost.

The Board voted to put 5% of the budget into a rainy day fund moving forward to allow for issues that could come in the future.