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KCTCS campus presidents tout Beshear’s use of bonds to upgrade facilities

February 03, 2014 | | Comments 0

By Jack Brammer
jbrammer@herald-leader.com

FRANKFORT –Presidents of the 16 campuses of the Kentucky Community and Technical College System said Monday they can raise money from their communities and other public and private sources to help pay for agency bonds to provide campus improvements.

The KCTCS campus presidents appeared with Gov. Steve Beshear and KCTCS President Michael McCall at a Capitol news conference Monday to tout Beshear’s budget proposal to issue $145.5 million in agency bonds to KCTCS to provide infrastructure at each campus that Beshear said is “desperately needed.”

Beshear said the bonds will be supported by KCTCS revenues. The bonds will be used to fund up to 75 percent of the projects. At least 25 percent of the remaining cost will come from local communities and other public and private sources.

McCall said students will have to pay an $8-a-credit-hour fee to pay for the bonds. He said that may be $4-an-hour in the fall semester this year and might be in addition to a tuition increase.
The KCTCS system now has more than 92,000 students.

Filed Under: KY General AssemblyState BudgetState GovernmentSteve Beshear

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