The University of Kentucky (UK) has introduced a $1.6-billion budget for the 2005 to 2006 fiscal year, a measure that represents an investment in the university and the state designed to conquer challenges and encourage dreams, according to president of the university, Lee Todd Jr.

The University of Kentucky (UK) has introduced a $1.6-billion budget for the 2005 to 2006 fiscal year, a measure that represents an investment in the university and the state designed to conquer challenges and encourage dreams, according to president of the university, Lee Todd Jr. “We are investing espcially in our people because this university is only as strong as our faculty and staff,” he adds. “They are UK.”

UK’s faculty is known for assisting future entrepreneurs in improving the way they do business, and the faculty and researchers brought in a record $2.7 million in grants and contracts during fiscal year 2005, a 15 percent increase over the prior year.

Despite these figures, Todd says, “We will be judged not by the number of research dollars we earn but by how well we use them to attack the health and economic hardships that plague too many Kentuckians for too much of their lives.”