Tuesday, May 12, 2015

Amid Funding Cuts, Will LSU Have to Declare 'Bankruptcy'? - MARTHA C. WHITE, NBC

For LSU, a good offense has always proved to be the best defense. But now the school that hosts the nationally ranked Tigers is facing a foe that makes the Crimson Tide seem weak: budget cuts. Louisiana's public colleges are hoping for the best but preparing for the worst as they face a drop in state funding of up to 82 percent. As the state legislature fails to make headway covering a $608 million shortfall in higher education spending, its public colleges are bracing for the prospect of budget cuts so deep some institutions — including the state's biggest public flagship — might have to declare financial exigency. That's college funding-speak for something akin to bankruptcy. http://www.nbcnews.com/business/economy/amid-funding-cuts-will-lsu-have-declare-bankruptcy-n347951

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