Monday, January 26, 2015

Alexander warns of LSU budget cuts - Rose Velazquez, Reveille

It was smooth sailing in 2014 for LSU President F. King Alexander, but a storm is on the horizon for 2015. “I think there’s a big question mark, it’s a cloud over our heads right now going into this one that we did not have in 2014,” Alexander said. “We did not have this dark, ominous cloud hanging over us that we’re trying to worry about which direction is it going to go next.” With looming budget cuts, Alexander said 2015 is going to be a different financial year than 2014. With salary increases and the Workforce and Innovation for a Stronger Economy Fund, Alexander said 2014 was a good budget year for the University. “This coming year with the oil price drop is going to be very tricky, and we have to be very cautious and strategic, because right now we’re looking at about a 40 percent reduction that has been floated out there,” Alexander said.

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