Dear Supporters of the University Press of Kentucky:
Based on the recently passed state budget, the University Press of Kentucky (UPK) will lose approximately $672,000 out of a total operating budget of $2.86 million against sales of $1.92 million. The University of Kentucky will work with UPK to plan increases in efficiency and enhanced revenues to partially offset the loss of funding. Further, the University of Kentucky and all partner institutions of UPK will be expected to provide financial support to fill any remaining funding gap. The long-term goal is to chart a strong path forward for UPK.
The fact is that many university presses receive funding and support from multiple sources. Against that backdrop, a fresh approach to our funding model is economic reality. It reflects that technology and other forces are changing the way we transmit and discuss ideas. We should seize this moment to continue to evolve, as we have already been doing, in ways that keep pace with change and serve as a model for other university presses.
In this context, it is critical that current and prospective authors and UPK’s business partners understand that we are on a path toward stability. Our short-term financial challenges are transitory. We urge our authors and vendors to understand that we are conducting business as usual.
Many supporters of UPK have asked how they can help. This is how: share our news. Help the faculty you interact with understand that we plan to be here for the long haul. Help them know that UPK looks forward to continuing our work with writers and scholars around the world to advance thinking and scholarship. Help them understand that the best way to keep us growing and improving is to send us thoughtful, significant, and creative manuscripts of the highest caliber.
We are grateful for the messages of support given to us by so many in recent months. We look forward to continuing to work with you as we chart our path forward—one that will secure the future of UPK and the rich cultural and intellectual heritage in which we play such a vital role.
David W. Blackwell, Provost, University of Kentucky
Deirdre Scaggs, Interim Dean, UK Libraries
Leila Salisbury, Director, University Press of Kentucky