Jindal budget won't cut colleges at cost of state employee's retirements
BATON ROUGE - Gov. Bobby Jindal's budget won't propose cuts to public colleges next year and would give the schools an extra $100 million if lawmakers agree to raise retirement costs for state workers and make other changes to the state employee retirement system.
The governor's chief of staff, Stephen Waguespack, outlined the proposals Wednesday to The Associated Press.
Waguespack says the budget proposal, to be unveiled Thursday, would keep higher education funding in the year that begins July 1 at its current level, with planned tuition increases factored in.
Jindal informed college system leaders. Waguespack says the governor also told them that if lawmakers approve his revamp of the state retirement system, the $100 million in savings at universities would stay with the campuses and not be used to offset cuts elsewhere.
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