Reveille The Daily
thursday, february 26, 2015 Volume 119 · No. 97
‘This kind of cut is of such magnitude it will have a long-term and generational effect on the education we offer.’ THE DAILY REVEILLE ARCHIVES
F. King Alexander LSU President University prepares to have its state funding slashed nearly in half BY Rose Velazquez rvelazquez@lsureveille.com Nearly half the University’s state funding hinges on tomorrow’s preliminary budget announcement from Gov. Bobby Jindal. Roughly $110 million of the University’s budget comes from the state, but the higher education budget reduction proposed by Jindal could drop this number to $58 million, cutting almost half the University’s state funding, said LSU President F. King Alexander. Pending Jindal’s official
announcement tomorrow, higher education faces a $383 million reduction, according to LSU Budget Hub. With the possibility of the proposed budget cut reducing the roughly 13.5 percent of the University’s revenue coming from the state to 6 percent, University administration must decide sooner rather than later whether to reduce the number of courses offered during the fall semester. Because financial aid is contingent on course selection, which opens in March, the decision cannot wait for the April
see preparation, page 6
State budget shortfalls not new to Louisiana legislators BY William Taylor Potter wpotter@lsureveille.com Legislators knew the budget shortfall was coming, and it’s happened before. Higher education faced a 30 percent budget cut in 2008, said LSU President F. King Alexander. The upcoming cut will likely be between 42 to 45 percent of the higher education budget. No one factor caused the budget shortfall. Constitutional protections, using one-time money, oil and Gov. Bobby Jindal’s pledge to not raise taxes all played a part in creating the deficit.
Tired of
Shaving?
{20% student
Specializing
in Brazilians & Brows
and military
discount}
“We knew last year when we passed the state budget that we were passing a budget that was going to lead us into a billion dollar shortfall,” said Rep. Brett Geymann, R-Lake Charles, a member of the Joint Legislative Committee on the Budget. “That was not a responsible thing for us to do. That’s my biggest frustration with this.” The Joint Legislative Committee on the Budget is the committee tasked with approving budgetary matters. “We knew we were going to be short,”
see past, page 4 10925 Perkins Rd., Suite B 225.276.7658 Garden District: 2024 Perkins Rd. 225.663.6611 Online booking available at zanellaswaxbar.com