A Message from the President
As a result of lower than anticipated oil prices and lagging income tax collections, the Louisiana Revenue Estimating Conference recently revised the official revenue estimate for the current State budget downward by $171 million.
As is required under State law, this past Friday the Joint Legislative Committee on the Budget heard the Jindal Administration's proposed plan for addressing the reduction in State revenues. I am relieved to report that the plan presented to the Committee did not include additional budget reductions for higher education.
I know our campus community is keenly aware that we have endured multiple budget cuts over the last several years. Accordingly, we appreciate the Administration's efforts to spare higher education from additional reductions during this most recent budget challenge.
We will continue to carefully monitor the situation and communicate our ongoing concerns to legislators and other key leaders. As always, I will keep our campus community posted should additional developments occur.