University prepares for $62 million budget reduction - "Catherine Threlkeld, LSU Reveille

The University on Wednesday released budget cut projections for a $62 million reduction in state funding, which would potentially result in the loss of 350 faculty, 350 staff positions and the closure of buildings. In all, the cuts would be equivalent to the elimination of seven of the University's 14 colleges. The cuts are not definite, and the projections are an exercise mandated by the Board of Regents to prepare for future budget cuts. The latest projections elaborate on scenarios prepared this summer by the University, which initially prepared for a $46 million budget cut.