Aug 4, 2011 10:41 AM by Lauren Wilson & AP
BATON ROUGE, La. (AP) - The LSU AgCenter's chancellor says he won't declare a financial emergency this year, after all.
Last month, Chancellor Bill Richardson said the move was likely because the center's budget had been cut more than $26 million in recent years. Since the center has no students, it cannot increase tuition.
On Wednesday, he told The Advocate that he does not want to create greater "long-term" problems in exchange for the quicker fixes allowed by an emergency declaration.
Declaring exigency would let the center lay off tenured faculty members. But Richardson says that could bring the expense of lawsuits.
Richardson said he'll have to consider exigency again if there are more budget cuts this winter.
Exigency is generally considered a black eye for an institution, scaring current and potential faculty.