Higher Ed Revenue Proposals Recommended at Louisiana Board of Regents Meeting
BATON ROUGE – Dec. 1, 2010 – Faced with a potential $437 million budget cut for the next fiscal year, LSU System President Dr. John Lombardi, joined by fellow higher education leaders, on Wednesday recommended a draft series of “strategic revenue readjustments” in funding that could generate an estimated $257 million in revenues, reducing a projected budget cut for higher education from 32 percent to 8 percent.
“These are fees for services,” Lombardi told the Board of Regents finance committee. “These are not tax measures.”
“With the support of the state leadership and the Legislature, postsecondary education could mitigate the effects of a 32 percent general fund reduction by employing the four strategies in the funding diagram,” Lombardi said.
Those measures include:
- Reducing state-funded pass-through funding in the postsecondary education budgets by 21%
- Removing the full-time cap of 12 hours for tuition purposes.
- Authorizing tuition to reach estimated market price within 6 years.
- Establishing a temporary fiscal stabilization surcharge.
Click here for copies of the revenue proposals and the projected financial impact on LSU students.
Charles Zewe, LSU System Vice President for Communication, 225-578-3941, firstname.lastname@example.org