by Ron Chapman
Louisiana faces a serious problem as it relates to Higher Education. Over the past few years Governor Jindal has seen fit to cut $700 million from public education then shift the financial burden to students through increases in tuition and fees. Students seeking to better their lives now have to shoulder the costs themselves. Worse, those who work for a living and do not qualify for grants suffer the most. From my experience they are the better students.
Our friend C.B. Forgotston, who follows the legislature relentlessly, alerted us to this little tidbit this morning that illustrates just how far the legislature is willing to go to absolve itself of any responsibility in the current fiscal mess in which the state currently finds itself.
Louisiana's legislative session is half-completed. There is much uncertainty in the air. Will the legislators and Governor Jindal craft a balanced budget for the upcoming fiscal year--as they are constitutionally mandated to do? If the budget involves taxes that have been approved by the House and which are being discussed in the Senate, will the governor veto them and the budget? Will there be an override session?
What Me worry?
Louisiana Governor Bobby Jindal has often been lampooned in the media. After the dreadful “State of the Union”- related speech to the nation, caricatures appeared all over—from Alfred E. Newman to Mr. Roberts.
If last week was not important enough for the future of Louisiana, this week certainly will be, as the budget making for year 2015-2016 races to a legislative session conclusion.
As the Louisiana Legislature embarks upon its version of spinning plates on top of poles, serious confusion stills reigns about just how procedurally this may be accomplished, to the detriment of success in this endeavor.
by Jim Brown
Chicken Little has got nothing on King Alexander. The LSU president is shouting from the rooftops that the state financial commitment is crumbling to the ground, the LSU fiscal sky is falling, and he is about to declare “academic bankruptcy.” Academic bankruptcy? I’ve been around and a part of Louisiana state government for some 44 years, and I’ve never heard of the phrase. You can’t even Google it and find any other example.
As the regular session of the Louisiana Legislature continues, it seems more and more likely that worlds will collide concerning resolution of the fiscal year 2016 budget.
More bad news for Louisiana, Governor Jindal, the Louisiana legislature, LSU and Louisiana public universities. Today, Treasurer John Kennedy announced that the $1.6B budget deficit has struck again, hitting LSU with an uppercut at a time that it is already severely bloodied.
The Public Affairs Research Council of Louisiana has released an analysis of the budget crises today which it calls--Budget Vertigo—“Magic rabbits, hidden holes and sleights of hand are not the only potential solutions to our fiscal challenge”