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UPike's transition to public university hinges on funding

It seems just about everyone supports the idea of the University of Pikeville becoming a state university, but how the university wants to be funded gets mixed answers from local judge executives. A proposed bill would use $6 million dollars in coal severance funding in the first year of operation under the state system, then $13 million dollars a year for the next ten years; taking tax money from twelve counties that would become the universities service area. But not everyone is opposed to using coal severance money to fund the university. Knott County Judge Executive Randy Thompson says his county has never received a dime of coal severance money since he has been in office, so... why not use it for education in the area?

Ultimately, it is up to our state lawmakers to decide what option is the best and so far, the future of UPike is still up in the air.

Filed under: Pike Co. | Economy | Schools


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