Coal severance tax can pay for the University of Pikeville to join state system, Stumbo says

Lawmakers will unveil a bill Thursday that would add the University of Pikeville to the state university system without taking resources away from the other eight four-year public institutions and community colleges, the House Speaker said Wednesday.

In a press conference following Gov. Steve Beshear’s State of the Commonwealth Address, House Speaker Greg Stumbo, D-Pikeville, said he wished the governor would have mentioned the University of Pikeville proposal during those remarks.

Stumbo said having the independent university join the public system would bolster the education and economic opportunities in Eastern Kentucky.

Stumbo says the proposal that will be presented on Thursday will not use any general fund dollars. That should eliminate concerns over another university losing state funding because of it, he said.

The money to fund the proposal looks at projections from an already existing multi-county coal severance tax fund in the region that includes 12 counties, Stumbo said. About 70 percent of their money goes into this fund, and that money will be earmarked in a new fund for the operation of the University of Pikeville, he said.

Former Gov. Paul Patton, who now is president of the University of Pikeville, first confirmed talks about adding the university to the state system last month.

Stumbo said the university’s trustees have committed to improving academic programs.

Nick Storm
About Nick Storm

Nick Storm joined cn|2 in December 2011 as a reporter for Pure Politics. Throughout his career, Nick has covered several big political stories up close, including interviewing President Barack Obama on the campaign trail back in 2008. Nick says he loves being at the forefront of Kentucky politics and working with the brightest journalists in the commonwealth.

Comments

  • Bill Huff wrote on January 05, 2012 03:30 PM :

    Bringing Pikeville University into Ky higher education is going in wrong direction because we have such a large congregation of (7) higher education universities in 2012. Futhermore, Ky needs to wait and study this proposal after Ky lawmakers cut:

    $350 milling from state tax expenditures;
    $400 million from corporate tax shelters;
    $100 million from non-merit annual payroll of $100,000 dollar or more, annually;
    $ 10 million from property tax administration costs by reducing from 120 to 17 number of PVA;
    $ 12 million from $40 million to $29 million cost of estimated 680 deputy PVA’s;

    COLLECT estimated $300 million motor vehicle tax evasion caused by Commercial Enforcement Officers not complaincing Ky titling and registration; Governor direct Justice Cabinet to implement statewide titling & registration making violators Ky title & register and forwarding their identities to Finance Cabinet’s Dept of revenue property tax staff for appeals processing, billing and collecting estimated $300 million and dispersing to state and local taxing jurisdictions all tax evasion collections;

    Eliminate truck weight-distance tax wherein 3-out-of-10 Ky truckers have not been paying since 1994; excellent invite to high paying trucking industry jobs to settle in Ky;

    Using severance coal dollars that can be used for something else rather than inclusion of Pikeville college (university) at this time is a no-no! Later maybe.

    Re-visit MASTER SETTLEMENT & AGREEMENT PLAN (tobacco settlement) and use other 50% not going to Farmers to increase their net farm income” to enhance teacher salaries while reducing num bers of superintendents from 174 to 17; balance of monies be used to fight ky’s deteriotering health status!

  • Chuck Caudill wrote on January 06, 2012 08:16 AM :

    If the money is available to fund a private university to the tune of 12-14 million dollars, why hasn’t that same money been available to fund the struggling K-12 school systems which are the feeder programs for such a college?

    Why fund another brick and mortar program instead of increasing access to the internet for everyone?

    If 97% of the UPIKE student body already receives financial aid, and they still have difficulty keeping the minimum of 1,000 students in class, why will state funding make a difference?

    If UPIKE has been in Pike county since 1889, why is the local bachelor’s degree accomplishment rate so much lower than the state colleges?

    What does the local population want?

    I want to believe this is a good idea, but don’t see how changing funding will improve opportunity for the majority of people in the region. They built this in 1889 and the people didn’t come.

What do you have to say?





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