The governing board for Louisiana’s public colleges and universities announced finalized budget cut amounts for the state’s four college systems today.
The LSU System is set to take a state funding cut of about $56 million for the fiscal year that starts Wednesday, according to the Louisiana Board of Regents.
How the cuts will affect the LSU System remains to be seen, but some job loss is expected.
System officials were originally told to prepare for $102 million in cuts. That number was based on Gov. Bobby Jindal’s original state operating budget, in which he had higher education taking a $219 million cut to help make up for a significant drop in state revenue.
Lawmakers reduced the proposed higher education cuts to their current level — about $120 million — by using dollars from the state’s rainy day fund along with money from other accounts.
—-Contact Kyle Bove at [email protected]