The University will take an $8.1 million budget cut in the upcoming days after the state's budget deficit demanded the LSU System as a whole slash nearly $21 million from its general fund, according to an LSU System Board of Supervisors news release.
The LSU System Board of Supervisors separated the cuts to the system by ordering a nearly 5 percent cut from each unit, according to its midyear cut breakdown. Since the University has the largest general fund pool in the system, that 5 percent cut hits the University deeper than the other units with an $8,128,355 revised reduction. "While our institutions have absorbed reductions of approximately $191 million over the past three years, we understand that those cuts, although painful, could have been much deeper and more destructive were it not for the determination of the governor and Legislature to diminish the impact on our faculty, students, staff, and patients," said LSU System President John Lombardi in the release. "In the interim, the LSU Institutions will operate effectively, reducing costs where necessary.
