University of Louisville

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University of Louisville

• Presentation to
• Jefferson County Delegation

UofL Its Happening Here!
1/13/09
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Thank You for Joining Us

• 2008
• The Good (the Great)
• The Bad
• The Ugly

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Good (Great)Things Happen for a Reason
House Bill 1 - 1997 A Public Agenda for Higher
Education to Build Economy
Boyle Report 1996 Community Agenda to Build
Economy
Challenge for Excellence UofL 10 Year Plan 1998 -
2008
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The Good (Great)
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The Good (Great) 2008
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The Good (Great) 2008
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The Good (Great) 2008
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2008

• We did what we said
• we would do but it is
• Time to Finish the Job

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The 2020 Plan

• Educational Excellence
• Achieve Double the Numbers goals (CPE)
• Award 350 doctoral degrees, up from 151
• Achieve Phi Beta Kappa Chapter
• Transform campus life and housing so that 32 of
  our students live on campus
• Double the number of nationally recognized
  programs 30 to 60

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The 2020 Plan

• Research, Scholarship and Creative Activity
• Recruit 180 nationally recognized
  researcher/scholars and increase total grant and
  research to 400M, including 193.5M in federal
  funding
• Achieve NCI Cancer Center designation

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The 2020 Plan

• Community Engagement
• Expand our commitment to downtown Louisville and
  support all Kentucky cities through the City
  Solutions Center
• Achieve the 13 goals of the West Louisville
  Signature Partnership to reduce disparities in
  education, health, economic and social
  conditions Carnegie designation recognition

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The 2020 plan

• Diversity, Opportunity and Social Justice
• Be the leader nationally in preparing students to
  live and work in a global society, with
  particular emphasis on cultural diversity,
  international studies, and social justice

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The 2020 Plan

• Creative and Responsible Stewardship
• Increase our endowment from 796.8M to 1.5B in
  2014 and to 3B in 2020
• Spur economic development in Louisville and
  Kentucky through the commercialization of
  research at our business development and
  commercialization enterprises (Nucleus, Metacyte,
  Haymarket, Shelby Campus energy center)

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The 2020 Plan Allows Us to

• Keep momentum
• Keep moving forward
• While dealing with
• Bad and Ugly!

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The Bad
44 States Face Budget Shortfalls
SOURCE Center on Budget and Policy Priorities
12/23/08
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The Bad
Employment in Kentucky Has Dropped Since
September 2008 (Nonfarm employment in thousands)
Jan. 2000 1,814.8
Nov. 2008 1,857.4
Jan. 2006 1,839.8
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The Bad
Manufacturing Employment in Kentucky Has Dropped
Since 2000 (Manufacturing employment in thousands)
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The Bad
Education and Health Services Employment Has
Grown Equaling Manufacturing
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And Now the Ugly (Real Ugly!)
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Governors Midyear Budget Proposal

• Revenue shortfall -- 456M this year!
• State units ? 4 Universities 2 if . . .
• Cigarette tax increase 70 to 1 per pack
• Will cuts be recurring?
• The forecast for next year is problematic

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Impact of Budget Cutsand Threats They Create

• Will reduce graduation and retention rates
• Admission Office threatens attraction of
  quality new and transfer students
• Slows recruiting in state, especially among
  neediest
• Limited or reduced need and merit based aid

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Impact of Budget Cutsand Threats They Create

• Increased tuition and other student fees
• Reduced overall student services
• Reduced funding support to recognized student
  organizations
• Delayed renovation and/or construction of student
  housing

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Impact of Budget Cutsand Threats They Create

• Reserves are dangerously low
• Increasingly dependent on sources of one-time
  money for long-term needs
• Operating expenses based on increased tuition and
  deferred maintenance
• Faculty/teacher ratios continue to rise,
  threatening future quality of programs
• Losing ability to attract and retain talented
  faculty

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Impact of Budget Cutsand Threats They Create

• Postponed hiring research faculty positions
• Implemented research faculty hiring freeze
• Reduced research budgets
• Severely impacts the growth of the research
  mission

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Impact of Budget Cutsand Threats They Create

• Less economic development
• Fewer business start-ups
• Inhibits reaching 2020 goals of 400 million in
  sponsored research activity
• Slows progress towards key achievements such as
  National Cancer Institute (NCI) designation

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Real Impact of Revenue Shortfall09-10 and Beyond

• Strategies What we have been doing/will
  continue to do
• Efficiencies/re-engineering (over 55M
  savings/more to come)
• Under /nonperforming assets
• Clinical income
• Partnerships (Dataseam)
• Fundraising
• Contract income
• Innovation (TIF)
• We have created a special campus committee to
  further look at programs

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The 2009 Session

• Coal Severance in Jefferson County
• Dataseam
• A winning proposition for the entire state
• Trover Clinic in Madisonville
• Training rural doctors

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Kentucky Dataseam Initiative
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Dataseam UofL Connects the Dots for Kentucky
8 MILLION IN SAVINGS TO UofL
SCHOLARSHIPS FOR ENTERING UofL
DR. JOHN TRENT HARNESSES SCHOOL COMPUTERS
UofL
DATASEAM
FINDING ANSWERS 300 TIMES FASTER
STEM EDUCATION
SAVINGS TO SCHOOL DISTRICTS
TWO DRUGS MOVING INTO CLINCIAL TRIAL
4-IPP 3PO

Advanced Cancer Therapeutics
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The 2009 Session
UofL Priorities

• New Revenue
• Retain Bucks for Brains
• Translational research funds
• Approve construction of classroom buildings
• Student recruitment
• Revenue generation
• Construction jobs
• Provide maintenance and operation funds
• Dont tie hands on tuition

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Making the Case for New Revenue

• Will support whatever revenue plan you propose
• Will help make case
• Health related case regarding higher cigarette
  tax
• Engage students, alumni, faculty, your fellow
  legislators

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The 2009 Session

• Thank you for your support.
• We look forward to working with you this year!