In a broadcast e-mail sent Friday afternoon, Chancellor Michael Martin told students, faculty and staff the University is “exploring options” for dealing with possibly large budget cuts next year. On Thursday, the University submitted a proposal to change a Board of Supervisors policy which would permit the implementation of a faculty and staff furlough — a temporary, unpaid leave of absence — without declaring financial exigency.”Such a change would align LSU with peer institutions facing the budget uncertainty we now face,” Martin said in the e-mail. The University could be forced to cut up to $71.9 million from its budget if state funding is cut by 30 percent for the fiscal year beginning July 1. “Be assured, no decision about any response to a potential budget reduction has been made,” Martin said. “And we will not fashion a set of responses until the fog of uncertainty clears.”The proposal was submitted to the LSU System office Thursday and will be reviewed by System President John Lombardi before it is submitted to the Board of Supervisors for approval.