Louisiana State University, state face $1.93 billion budget shortfall - Ryan Buxton, LSU Reveille

The University and the state face difficult times ahead because of a $1.93 billion budget shortfall and a complicated economic climate which makes financial revision difficult, a panel of budgetary experts say. The roundtable discussion, sponsored by the Faculty Senate and the Office of Academic Affairs, focused on both revenue and the budget. One must first examine the state’s revenue to understand budget cuts, said Jim Richardson, director of the Public Administration Institute at the E.J. Ourso College of Business.