WMKY

Budget increases for Morehead State

Jul 20, 2021

Credit Morehead State University

Morehead State University’s Board of Regents passed the 2021-22 fiscal year budget last month with $10 million dollar increase from last year.

The $145-million dollar plan includes a $5.1 million dollar increase in personnel expenditures and a 1.25 percent tuition increase.

MSU President Dr. Jay Morgan Says nearly $5-million dollars in additional state appropriations will likely offset the raising of Kentucky education retirement system rates.

  The University expects the tuition increase will net an additional $102 thousand dollars in revenue.  Graduate tuition and housing fees were frozen for the third year.