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Source: Southeastern could face another $1.3 million cut today

Source: Southeastern could face another $1.3 million cut today
Posted: Jun 28, 2016
Categories: Lion UP
Comments: 0
HAMMOND---Southeastern supporters are holding their breath, awaiting the outcome of today’s Board of Regents meeting that could spark more financial doom for the university of the Northshore.

Reliable sources tell ActionNews17.com that today’s Regents meeting could deliver even more cuts to Southeastern Louisiana University. That news comes just days after the Legislature adjourned, reportedly “sparing” higher ed from budget cuts. However, news reports indicate higher education officials have been warned that they could face another round of cuts.

The Advocate reported Tuesday evening that higher ed officials have been “tentatively warned to expect to withhold about five percent as a precautionary measure.” The report indicates that number is “not yet set in stone.”

At issue is the proposed funding formula for the upcoming year. A source speaking on the condition of anonymity told AN17.com late Tuesday that if the formula is applied as it is currently set, Southeastern would face an estimated $1.3 million cut when the Regents meet Wednesday to set budgets for the state colleges and universities. In a newsletter emailed to members of the SLU Alumni Association on Monday, Southeastern’s ROAR Network alluded to the possibility that the funding formula details “were not favorable” for the university; however, it did not specify the expected funding impact.

“It’s insane,” the source told AN17.com, offering a lengthy list of ways Southeastern has curbed spending and made due with the limited resources it has.

Also included in the ROAR Network bulletin was word that due to the funding uncertainty and changes pending in the TOPS scholarship program, Southeastern will likely be forced to consider a tuition increase this fall. Such an increase would require a vote of the university’s Board of Supervisors.

The Board of Regents will meet Wednesday morning, starting at 10 a.m., in Baton Rouge. The meeting is scheduled to stream online at http://streaming.louisiana.gov, in the “Upcoming Events” section.
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