Jindal budget links college financing to uncertain proposals
BATON ROUGE - After months of worry that Louisiana's colleges would face steep cuts next year, campuses remain in a precarious position with the release of Gov. Bobby Jindal's budget.
Much of the funding Jindal proposes to pay for higher education, $372 million, is dependent on uncertain tax credit changes. Another slice of financing totaling $211 million would require lawmakers to sift through money-generating ideas that aren't even included in the budget.
If lawmakers and the governor don't settle on ways to raise annual revenue streams, higher education faces a worst-case of losing up to $583 million in state financing - more than 60 percent of what it receives this year.
Negotiations will continue until a final version of the budget is written in June. The new fiscal year begins in July.