Midyear cuts were more modest than anticipated - Alyson Gaharan, LSU Reveille

The University’s $3.4 million midyear budget cut was less than anticipated and modest compared to others the University has experienced in the past five years, according to Interim System President and Chancellor William “Bill” Jenkins. The cut, announced by Jenkins on Dec. 20, is the least severe of five consecutive midyear cuts the University has undergone since 2008. The midyear cuts have varied in amount, the most severe being a $15.7 million cutback in the 2009-10 fiscal year. “Theoretically, it’s an annual budget, but as you see, every year for the last five years, it’s become common that we have to plan for these type of midyear cuts,” said Tommy Smith, director of the Office of Budget and Planning. “Obviously we don’t have an annual budget any more. They haven’t been annual in a long time. We have six month budgets.” http://www.lsureveille.com/news/administration/article_5c57742c-5e05-11e2-92cf-0019bb30f31a.html