Statement from Dr. Ramsey on Gov. Bevin's budget

[Howie Lindsey]

Statement from Dr. James Ramsey on Governor Bevin’s budget


We have recognized for some time the significant challenges Governor Bevin would face in preparing a biennial budget. The structural imbalance the state faces over the next two years requires the most austere of times.


We applaud the Governor for addressing the budget’s structural imbalance, understanding the importance of this to the long-term future of the Commonwealth of Kentucky.


We applaud the Governor for his commitment to K-12 education and for ensuring Kentucky lottery proceeds are spent on student financial aid consistent with the Kentucky revised statutes.


We are disappointed we will take continued cuts in the next biennium as well as a current year cut (over the next 30 months). The challenges we face in continuing to move forward to meet our statutory mandate, given sixteen budget cuts over seventeen years, have and will take a toll on our ability to move forward.


The University of Louisville developed seven strategies for moving forward in a tough fiscal environment and these strategies will continue to help buffer, but cannot relieve the entire pain that continued cuts impose.


We appreciate the Governor’s willingness to help us manage these cuts over the next 30 months. We look forward to working with the Governor on a performance funding model that recognizes the amazing academic trajectory the University of Louisville has been on for over a decade and how funds can be appropriated to support that continued trajectory in the future.

 

[turducken71]

If I were Ramsey I'd keep my bloated pay and my mouth shut. The guy makes $3.8 million dollars a year while former Governor Mitch Daniels makes about $500,000 at Purdue. Plus Ramsey's top two assistants make well over a million dollars a year. They need to get control of the UL foundation away from him and use the money to benefit students.

 

[cocoa]

Turd 71 who do you think raised all the money put in the Foundation?? President Ramsey fund raising, and guidance is one of the main reasons U of L has continued it's upward trajectory in face of yearly budget cuts for the last several years. He has earned every bit of his salary, and should be praised for increasing the school endowment in the middle of tough economic times! Learn your facts before you pop off!

 

[Knucklehank1]

The problem for Ramsey right now is that the string of issues (especially ones that involve proper lack of oversight) hurt his argumentative position. Sorry, but the trust in him as an administrator has been compromised and he will have to work to restore that.

 

[fredburgcard]

The problem for Ramsey right now is that the string of issues (especially ones that involve proper lack of oversight) hurt his argumentative position. Sorry, but the trust in him as an administrator has been compromised and he will have to work to restore that.

I have no idea who is in charge of compliance at UofL. Probably someone making a high six-figure salary like all of the other officials who are currently suspended with pay while investigations into misconduct go on. Whoever it is they are not doing their job. Meanwhile the school pays ridiculously low salaries to adjunct professors and grad students to do the bulk of undergraduate teaching. The highly-paid tenured professors conduct research and write articles no one reads.

UofL is getting clobbered in the court of public opinion in large part because Ramsey and his compliance department are asleep at the switch. 2015 was the first year in a long time that I did not make a contribution to the annual fund.

 

[seashore]

Lots of perception issues, but today, the 1% are going to keep their jobs by supporting the other 1%. How much of the $1 billion has been spent that was raised? What percentage is spent every year? Has just the principal been spent in some years (better investment climate)? What expenditures beyond pay and obvious perks does President Ramsey and others including the Athletic Department/CAF spend? I think as the donors we have a right to know. Do they travel and spend $10,000 for every $100,000 they earn? Is it higher? Is it lower? When the previous president was found to have spent $$$ in questionable ways at two other universities, UL said nope, nothing wrong here. Because that is the norm for UL?
It's embarrassing to be a UL fan because no one remembers the good things. No one knows how much fun it is to support the WBB team. The baseball team. The amazing campus transformation.
Pitino as our coach with the current investigation - which is bad enough - but what's it going to be like when she is released from prison? Plus Bobby's private life at Arkansas - the neck brace picture. Then the multiple embezzlements; the sombreros; $1 billion foundation but tuition increasing each year.
And I don't know when President Ramsey has time to work. He travels to so many athletic events. All the ACC tourneys. He's at the MBB and WBB home games. Glad he's having fun with it but that's all free to him and his family(?).
Just because people have accepted these things in the past because we wouldn't dare question, doesn't mean we can't at least ask questions now. Next step, changes.
Ellen

 

[MDCardsFan]

I have no idea who is in charge of compliance at UofL. Probably someone making a high six-figure salary like all of the other officials who are currently suspended with pay while investigations into misconduct go on. Whoever it is they are not doing their job. Meanwhile the school pays ridiculously low salaries to adjunct professors and grad students to do the bulk of undergraduate teaching. The highly-paid tenured professors conduct research and write articles no one reads.

UofL is getting clobbered in the court of public opinion in large part because Ramsey and his compliance department are asleep at the switch. 2015 was the first year in a long time that I did not make a contribution to the annual fund.

For me I got to continue making the annual fund if I want to continue sitting where I am sitting for football. (on the UL side)

 

[fredburgcard]

For me I got to continue making the annual fund if I want to continue sitting where I am sitting for football. (on the UL side)

The Annual Fund and the Cardinal Athletic Fund are two separate entities. The CAF contributions are required for many season tickets.

 

[MDCardsFan]

The Annual Fund and the Cardinal Athletic Fund are two separate entities. The CAF contributions are required for many season tickets.

My mistake.

 

[turducken71]

Turd 71 who do you think raised all the money put in the Foundation?? President Ramsey fund raising, and guidance is one of the main reasons U of L has continued it's upward trajectory in face of yearly budget cuts for the last several years. He has earned every bit of his salary, and should be praised for increasing the school endowment in the middle of tough economic times! Learn your facts before you pop off!

Troll post. Nobody could believe that. Tell the poor students that face increasing tuition while the fat get fatter off of the charity of those that are generous to the university. The foundation board members that hand out this gross level of pay to Ramsey and his assistants should be removed. This is blatant cronyism at donor expense and student expense. This is before you get into the scandals in which a department head went to jail for using grant money for houses and cars and the current scandal in the medical department. As far as credentials, I would much rather have Mitch Daniels at his pay than Ramsey at $3.8 million.

 

[mrFootballFan]

The problem for Ramsey right now is that the string of issues (especially ones that involve proper lack of oversight) hurt his argumentative position. Sorry, but the trust in him as an administrator has been compromised and he will have to work to restore that.

Pitino and Petrino squander millions more

 

[Knucklehank1]

Pitino and Petrino squander millions more

I don't know what you are talking about.