Post by pavel on Jan 23, 2016 15:18:59 GMT -6
Louisiana State University President F. King Alexander sent a letter to students Friday (Jan. 22) warning of a $131 million budget cut to higher education that could mean $65 million in cuts for the LSU System statewide.
Alexander said he received the warning from Gov. John Bel Edwards' commissioner of administration, Jay Dardenne, late Thursday. The cuts are being threatened because of the state's $750 million current-year shortfall, and Alexander said the university system has four days to "provide a general plan of how we will respond to the potential cuts."
The letter notes Edwards has already released a plan that will avoid the $131 million in cuts to higher education if legislators pass revenue measures that includes tapping the rainy day fund to the tune of $128 million and using BP oil spill settlement damages to bridge the shortfall.
In a memo reported by WAFB-TV, Dardenne tells university officials "we will work on the assumption that the Legislature will authorize use of the rainy day fund" and BP oil funds."
Read more: www.nola.com/politics/index.ssf/2016/01/king_alexander_budget_cuts.html#incart_story_package
Alexander said he received the warning from Gov. John Bel Edwards' commissioner of administration, Jay Dardenne, late Thursday. The cuts are being threatened because of the state's $750 million current-year shortfall, and Alexander said the university system has four days to "provide a general plan of how we will respond to the potential cuts."
The letter notes Edwards has already released a plan that will avoid the $131 million in cuts to higher education if legislators pass revenue measures that includes tapping the rainy day fund to the tune of $128 million and using BP oil spill settlement damages to bridge the shortfall.
In a memo reported by WAFB-TV, Dardenne tells university officials "we will work on the assumption that the Legislature will authorize use of the rainy day fund" and BP oil funds."
Read more: www.nola.com/politics/index.ssf/2016/01/king_alexander_budget_cuts.html#incart_story_package