I somehow forgot to post this but it is important to some. Ole Miss fans had reasons to celebrate for a short time recently as the Louisiana legislature recommended cutting LSU's budget 82%. Times have come a long way from the days when The Kingfish placed LSU on a pedestal and made it the largest university in the Southeast, 11th largest in the nation, and imported top faculty such as Robert Penn Warren. Nola.com reported on March 25:
So the fact that the Louisiana Legislature has recommended cutting LSU's annual operating budget by 82 percent for the next fiscal year strikes Alexander as devastating not just for the institution, but also for the city of New Orleans.LSU officials discussed the possibility of filing bankruptcy. Not too bright as they forgot there was a $115 million bond deal on the table. Investors heard the talk about bankruptcy, read the proposed budget cuts, and presto, there was no more bond deal. A $1.6 billion deficit in the overall state budget caused the crisis and the draconian proposed budget cuts.
At LSU Health Sciences Center, which sent a majority of its 2015 graduating class of medical students to residency programs in Louisiana, the state recommends cutting the annual budget from $69 million to $12 million.
The entire LSU System's funding would drop from $319 million to around $58 million -- about $6 million less that the 2015 operating budget for the LSU AgCenter alone.
The proposed cuts represent the largest budget reduction in the history of LSU or any other state university system since researchers first began measuring such statistics, Alexander said. They signal a general trend around the country in which states are "trying to get out of the higher education business as fast as possible."
Alexander called Louisiana's role in the trend particularly disheartening, in that LSU has consistently outperformed other flagship institutions.... Rest of article.
However, the legislature came through and saved LSU as well as rest of the Louisiana universities. Cigarette taxes were increased, spending cuts were implemented, and a $1,600 tuition increase was levied on college students BUT a tax credit for the same amount was provided to them as well so Governor Jindal could claim on paper that he did not raise taxes. Yes, you read that sentence correctly. Higher education and health care usually face a disproportionate amount of budget cuts when budgets are tight at the legislature as other areas of government are protected from spending cuts by the state constitution. Article.
Ole Miss fans doubtlessly had a fun right for a couple of months.