University regents agree to request $23M to cover shortfall

FRANKFORT, Ky. (AP) — Regents at Kentucky State University have agreed to request $23 million from the state to cover a budget shortfall. The Lexington Herald-Leader reports the board of regents at Kentucky’s only public historically Black university met Tuesday to hear an update on the Kentucky Council on Postsecondary Education’s analysis of the school. Council Vice President Travis Powell says the agency will request the funding from the general assembly and use it to cover the shortfall. Kentucky State University has been taking corrective actions to stabilize the school’s finances since learning earlier this year of a $15 million budget shortfall and a projected shortfall of $7 million for the current fiscal year.