Colleges negotiating for ways to lessen deep budget cuts
BATON ROUGE - The threat of up to $380 million in budget cuts to Louisiana's public colleges has higher education officials and lawmakers scrambling for ideas to stop the slashing
They're weighing everything from tax break suspensions to tuition and fee hikes.
College system leaders are suggesting a special legislative session might be needed. Otherwise, they say the cuts being proposed could force widespread layoffs, jeopardize worker training programs and chase away potential students and faculty.
Gov. Bobby Jindal's administration has suggested its budget proposal for the fiscal year that begins July 1 could have the higher education reductions to help close a $1.4 billion shortfall.
LSU System President F. King Alexander said at the level of cuts proposed many colleges would be forced to declare "financial exigency," the equivalent of campus bankruptcy.