The Situation
TIMELINE: How Did We Get Here?
2000- 2019
After decades of financial issues, KSU reaches critical levels in 2000 when its expenses exceeded its income.
The situation is worsened by 2019.
2021
JUL: KSU President resigns.
SEP: KSU informs State lawmakers that it will need emergency funding to stay open through the end of the year.
NOV: Review by the Kentucky Council on Postsecondary Education (CPE) shows KSU's urgent financial and management issues.
MAR: State lawmakers move to overhaul KSU's governing board via Senate Bill 265.
2022
MAR/APR: Lawmakers file an emergency provision, House Bill 250 (HB250), that appropriates $23M to KSU with oversight from CPE. The KY Senate appropriates an additional $15M to help stabilize KSU.
JUN: Board of Regents installs new Interim President at KSU to lead turnaround efforts as per HB250 and manage daily operations at the university.
AUG: Interim President begins building the KSU Leadership Team and the Intended Future Action Plan to guide implementation of HB250 directives.
NOV: Three-year KSU Management Improvement Plan approved by CPE.
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