Posted: Dec 7, 2010 10:16 PM by Kristy Davis
Updated: Dec 7, 2010 10:16 PM
BATON ROUGE - A meeting between business leaders and Governor Bobby Jindal about higher education funding ended with a recommendation to completely overhaul how LSU is allowed to operate under state law. And according to the governor and the Louisiana Flagship Coalition, the savings are worth it.
The Flagship Coalition is made up of business men with ties to LSU. During the groups meeting with the governor, they discussed changes that they believe would save LSU money in the long run. Those changes include:
* Changes to civil service rules
* The universities pension obligations
* And changing the state bid process.
Louisiana Flagship Coalition leader Sean Reilly said on Tuesday the proposed changes could added up to a savings of $55 million. The Legislature would have to approve the new way of doing business, and Governor Jindal said that could include not only writing bills but also changes to statutes and possibly changing the state constitution.
In the long run the new flexibility could be adjusted to other state schools. The Flagship Coalition says it will reveal more of the plan on Monday.