Posted: May 15, 2012 5:38 PM by Tonya LaCoste
Updated: May 15, 2012 5:44 PM
If the budget bill, HB 1, is not amended the University of Louisiana at Lafayette will lose $20.6 million in state funds next fiscal year, according to university officials. "I'm hopeful that level-headed legislators will come together and develop a sensible solution to this serious problem," said Dr. Joseph Savoie, president of the university. According to the university, state funding has been cut by 49 percent since Fiscal Year 2008-2009, and if the current budget proposal stands, cuts since that fiscal year would reach $585 million.
"Higher education has been notified that of the $268 million shortfall in the budget for next year, $134 million will be taken from our allocations," said University of Louisiana System President Randy Moffett. The university points out that more than 70 percent of the state's operating budget is protected but higher education isn't.