BUDGET UPDATE (4-12-16)
Governor Edwards and Commissioner Dardenne presented the FY16 -17 updated Executed Budget during the Appropriations Committee meeting. The impact on public higher education is summarized below:
- The State General Fund (SGF) for higher education has increased by $134M since the original executive budget presentation. Of this amount, $9M is earmarked for specialized institutions ($4M for LSU Ag Center; $1M for SU Ag Center; and $4M for Pennington).
- For FY 16-17, higher education's budget will be reduced by $46.1M (or approximately 6%). Additional adjustments to higher education's budget may occur as a result of the legislative session(s).
- For FY 16-17, TOPS will be funded at $110M ($50M SGF and $60.3M TOPS fund). An additional $183.2M is needed to fully fund TOPS at the current level of funding. Please note that there are several legislative instruments being considered that may alter the distribution methodology and/or funding level for TOPS. Also, GO Grants will be funded at the current FY 16 level of $26.4M.
BUDGET UPDATE (3-24-16)
For the current year, Louisiana Higher Education will have a reduction in the amount of $28 M in TOPS funding. See below for a statement from Commissioner Rallo.
Louisiana Colleges and Universities are potentially facing millions of dollars in mid-year budget cuts plus TOPS supplemental. This could be the largest mid-year cut in the history of Louisiana Higher Education with major implications on our institutions. See the links below to find out more….
Letter from the Division of Administration - January 21, 2016
Letter from the Chair and Commissioner - January 25, 2016
Letter to Commissioner Dardenne on Budget Impact on Higher Education - February 11, 2016
Letter to Commissioner Dardenne from SACSCOC - February 11, 2016
Letter to Dr. Rallo from Commissioner Dardenne on Budget Update February 11, 2016
$86.8M System Mid-year Reduction Plans (March 7, 2016)
$42M System Mid-Year Budget Reduction Plans (February 23, 2016)
$131M System Mid-Year Budget Reduction Plans (February 8, 2016)
2016 Press Releases on the Budget
Louisiana Council of Student Body Presidents