UL System reduces mid-year budget by $17 million
BATON ROUGE, La. – As part of higher education’s $50 million share of the state’s $251 million deficit, the UL System is reducing its nine universities’ budgets by $17.2 million. The reduction comes from the system’s total general fund budget of $336.2 million and amounts to 5.1 percent of general funds for each university.
The reductions for each campus are listed below:
|
December 2011 |
||||
| General Fund |
Mid Year Reduction |
% Reduction |
||
| Grambling State |
18,474,222 |
943,729 |
5.108% |
|
| Louisiana Tech |
42,229,896 |
2,157,254 |
5.108% |
|
| McNeese State |
26,984,614 |
1,378,470 |
5.108% |
|
| Nicholls State |
22,290,653 |
1,138,686 |
5.108% |
|
| Northwestern State |
30,849,417 |
1,575,898 |
5.108% |
|
| Southeastern La |
47,867,208 |
2,445,228 |
5.108% |
|
| Univ. of La – Lafayette |
65,125,417 |
3,326,838 |
5.108% |
|
| Univ. of La – Monroe |
35,703,648 |
1,823,870 |
5.108% |
|
| Univ. of New Orleans |
45,100,735 |
2,303,906 |
5.108% |
|
| ULS BOS |
1,605,302 |
82,004 |
5.108% |
|
| UL SYS Total |
336,231,112 |
17,175,883 |
5.108% |
|
“These mid-year reductions could have been more severe for higher education. We appreciate the efforts of Governor Bobby Jindal, Commissioner of Administration Paul Rainwater, and the Administration staff in mitigating the impacts to Louisiana’s colleges and universities,” said UL System President Randy Moffett. “Our campuses have worked hard over the past three years to strategically meet budget reductions while protecting core functions and improving performance. I expect our presidents will meet this five percent reduction with the same careful and conscientious approach.”
The campuses must submit budget reduction plans to the Louisiana Board of Regents through the UL System office by Dec. 29, 2011.
-ULS-
ABOUT THE UL SYSTEM: The University of Louisiana System is the largest higher education system in the state enrolling about 94,000 students at Grambling State University, Louisiana Tech University, McNeese State University, Nicholls State University, Northwestern State University, Southeastern Louisiana University, the University of Louisiana at Lafayette, the University of Louisiana at Monroe, and the University of New Orleans.
