FRANKFORT – Gov. Andy Beshear has announced that Kentucky colleges and universities will avoid state budget cuts this fiscal year while also receiving $20 million in federal relief to help cover costs related to COVID-19.
The allocation is part of $1.6 billion in federal funding that Kentucky received this year through the Coronavirus Aid, Relief, and Economic Security Act, known as CARES. State budget officials are seeking to divide the funds as proportionally as possible based on each institution’s share of state funding.
“My administration puts education first, and sending CARES Act funding to support higher education is crucial as they continue to battle COVID-19 while educating Kentuckians in new and innovative ways,” Gov. Beshear said. “Access to CARES Act funding has been critical for education, public health, local governments, schools, long-term care facilities. These funds provide direct relief to Kentuckians while also boosting the wider economy and supporting a balanced budget as these dollars get spent locally.”
President Aaron Thompson, head of the Kentucky Council on Postsecondary Education, praised the governor’s commitment to higher education and thanked Kentucky’s federal delegation for their efforts in securing federal relief for the state.
“Higher education is helping lead our economic recovery, and these funds will shore up our colleges and universities at a vital time,” Thompson said. “COVID-19 has taken a considerable toll on campuses and students just when our state workforce is struggling the most. I appreciate the support of our elected officials who continue to fight for our economic future by standing up for postsecondary institutions.”