Monday, February 29, 2016

Threatening `Farewell' to LSU Football Shows Louisiana's Strains - Brian Chappatta, Bloomberg

After one month in office, Democratic Governor John Bel Edwards spelled out Louisiana’s financial strain to his 4.65 million constituents in a televised address. The collapse in oil prices has created a $940 million budget gap for the current fiscal year and a $2 billion shortfall for the year that begins July 1. In a worst-case scenario, Edwards said, health programs for the poor and disabled will close and some public universities will have to shutter before the end of the semester. “If you are a student attending one of these universities, it means that you will receive a grade of incomplete, many students will not be able to graduate and student athletes across the state at those schools will be ineligible to play next semester,” Edwards said. “That means you can say farewell to college football next fall.”

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