The University’s recommended Fiscal Year 2024-25 consolidated operating budget totals $8,369,418,200, an increase of $1,589,095,300 (23.4 percent) over the prior fiscal year original budget. Over the past 10 years, the University’s original operating budget will have increased 178.0 percent, from $3.0 billion to $8.4 billion.
Budget
FY 2024-25 is the eighth year the Kentucky General Assembly has used performance funding models to allocate state appropriations to the public universities and the Kentucky Community and Technical College System (KCTCS). The models support Kentucky’s college attainment goal which is to raise the percentage of working-age adults (ages 25 to 64) with a high-quality postsecondary degree or certificate to 60 percent by the year 2030.
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