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Southern budget balanced... almost

3 years ago August 24, 2011 Aug 24, 2011 Wednesday, August 24 2011 Wednesday, August 24, 2011 5:11:33 PM CDT in News
Source: WBRZ

BATON ROUGE-- Southern's University is balanced... almost.  First, the university's board will have to approve a financial exigency, or in plainer terms, a financial emergency.

The only way to cut $2 million from faculty salaries is for the faculty to agree to ten percent furloughs or to declare a financial emergency.

Dr. James Llorens said only about 20 faculty members signed furlough contracts.  Many told News 2 they wouldn't do it because it was "signing away" their rights.

Also in the proposed budget is cutting $1.3 million from adjunct professors and other personnel, $1.02 from faculty retirement incentives, and $1.8 by not filling vacant positions.

The board will vote on the budget Friday in Shreveport.

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