Southern University begins talks on organizational structure, approves 2014-15 budget - Quincy Hodges, The Times-Picayune

The Southern University finance committee Friday approved a balanced budget of $129 million, nearly $11.5 million less than the previous year due to decreased enrollment, a reduction in the state appropriated funds and an inability to increase tuition after failing to meet the state's 2010 GRAD Act benchmarks. In order to balance the budget, the university dipped into several million dollars of one-time funds, including most of the campuses' available reserves and expense reductions throughout the system. http://www.nola.com/news/baton-rouge/index.ssf/2014/08/southern_university_begins_tal.html