After several years of flat or increased budgets, LSU is looking at starting next year with $56.4 million less money.
The LSU Board of Supervisors without discussion approved Friday a $1.06 billion spending plan of unrestricted funds – a 5% reduction from this year’s $1.12 billion. The budget covers LSU’s colleges in Alexandria, Baton Rouge, Eunice, and Shreveport as well as the medicals schools and Pennington Biomedical Research Center.
LSU executives weren’t that concerned, noting that much of the shortfall will be made up with the use of one-time money, such as leftover salaries from unfilled positions, and increases in the number of students paying tuition and fees. Tuition and fees represent slightly more than half of the system’s revenues while the state’s appropriations make up about 36% of the funding.
But it also means no pay raises. “Unfortunately, LSU does not have the revenues available to include a merit