Report finds poor financial management at Kentucky State
Gov. Andy Beshear says that a report by Kentucky’s Council on Postsecondary Education has found that poor financial management by Kentucky State University leadership in recent years has resulted in significant financial losses. The report also recommends that the institution receive $23 million in special appropriations from the state budget to cover current budget shortfalls. The report, which includes an improvement plan, was required by the governor’s executive order for the university to be considered for additional funding.