Chief: LSU system needs stable funding
LSU System President William L. Jenkins
It takes nearly all the dollars the state appropriates to the LSU system to pay for mandatory fixed costs that don’t relate to educational pursuits, system chief William Jenkins said Friday.
Those year-to-year expenses to cover the costs of employee retirement, health insurance, liability insurance coverage, legislative audits and the like have risen 27 percent in the last five years, Jenkins said.
At the same time, the state dollars going to support the system have gone down to the point that state dollars for the current fiscal year totaled $384.2 million, with $333.6 million of it needed to cover mandatory costs, he said.
“Very soon the state general fund will only cover mandated costs,” said Jenkins.
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