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re: LSU Folks - how did the $$$$$ situation at the University get so dire?
Posted on 7/22/19 at 10:48 am to SummerOfGeorge
Posted on 7/22/19 at 10:48 am to SummerOfGeorge
A long line of crooked politicians in charge
0
Posted on 7/22/19 at 10:49 am to SummerOfGeorge
Combination of bloated administrative coasts, tax cuts, drop in oil prices and budget cuts.
Posted on 7/22/19 at 10:51 am to SummerOfGeorge
The State did that for them unfortunately.
Control over your University is very important. A University is a business first and foremost. Governments need money to run and LSU was at the top of their list unfortunately.
Control over your University is very important. A University is a business first and foremost. Governments need money to run and LSU was at the top of their list unfortunately.
Posted on 7/22/19 at 10:51 am to SummerOfGeorge
quote:My opinion, and I'm not directly affiliated with LSU, is it's more a state issue filtering down. Someone joked it's a Democrat thing... it sorta is. Not modern Dems, so much as historical Dems. It's the long term fallout from the 70's budgets of Edwin Edwards, and before.
Is it a school issue or a state issue? Or both?
Sorry, I just randomly see these articles and I'm curious as to who everyone holds responsible and how optimistic folks are that the issues can be fixed anytime soon.
Louisiana tried to rely on the oil market, on Exxon etc, and tied everything to that one horse. And people growing up saw better income at a plant than anywhere else, still do. So you have a population base not focused on degrees or diversification of skills, you have a large sub-base used to the charity handouts of the surplus. And now that isn't working, and we have no real money to go anywhere and can't attract new businesses in.
LSU Medicine used to staff the Charity hospital system, for example. Was a perfect balance, cheap healthcare and lots of training for the interns and residents. That's gone because it was hemorrhaging money.
LSU is doing the best it can, but it's in a bad locale, and absolutely needs to make money in sports- because otherwise the money is scarce.
Posted on 7/22/19 at 10:54 am to Scoob
quote:
Scoob
Good stuff Scoob thanks. Really hope everything works out.
Posted on 7/22/19 at 10:57 am to SummerOfGeorge
quote:
Is it a school issue or a state issue? Or both?
Both
Posted on 7/22/19 at 10:58 am to SummerOfGeorge
Been that way for a while.
Source: LINK
And last week it was announced LSU is getting sued for $25 million for the hazing death of a student.
quote:
"We are on the bottom," Alexander said.
Alexander said faculty pay raises are a top need, especially since average pay is 12th of 14 schools in the SEC.
Alexander said LSU has stemmed the annual loss from its teaching ranks, especially when budgets were being slashed regularly.
...which left LSU last in the Southeastern Conference in state spending per student and next to last nationally among peer institutions.
Source: LINK
And last week it was announced LSU is getting sued for $25 million for the hazing death of a student.
quote:
The Gruvers, who live in Roswell, Georgia, have filed a $25 million lawsuit against the university.
This post was edited on 7/22/19 at 11:02 am
Posted on 7/22/19 at 11:06 am to SummerOfGeorge
George, it's not a democrat/republican thing, it's a state constitution/budget thing.
First, let's be clear, the athletic funds are totally separate from the academic funding. It's the academic funding that keeps coming up short. The reason for this is because, according to our constitution, just about every budget item is funded through dedicated resources - EXCEPT for Dept. of Health, and Education. Therefore, when there is a budget shortfall, these are pretty much where all the savings can come from in the form of cuts to their budgets.
In the first year of the current governor's term, there was a large budget shortfall left over from the previous admin. (To be fair, it still wasn't a republican/democrat thing as much as a price of oil thing.) What that led to was the aforementioned cuts to health and education. When faced with the proposed budget cuts, the LSU president claimed that he would not be able to operate the university at the proposed level of funding. This led to speculation over the cancellation of the football season - not because of a lack of athletic funds, but rather, you can't have student-athletes, if there are no classes for the students to be in.
The long and short of that was to apply pressure to the legislature to come up with the funding to assure that the university would remain open.
No one seemed worried about closing the school, until they realized it would threaten their precious football. then, they got their shite together and came up with the money.
Take a look at LSU's academic endowment, and compare that to TAF funding, and you'll see where our priorities are.
First, let's be clear, the athletic funds are totally separate from the academic funding. It's the academic funding that keeps coming up short. The reason for this is because, according to our constitution, just about every budget item is funded through dedicated resources - EXCEPT for Dept. of Health, and Education. Therefore, when there is a budget shortfall, these are pretty much where all the savings can come from in the form of cuts to their budgets.
In the first year of the current governor's term, there was a large budget shortfall left over from the previous admin. (To be fair, it still wasn't a republican/democrat thing as much as a price of oil thing.) What that led to was the aforementioned cuts to health and education. When faced with the proposed budget cuts, the LSU president claimed that he would not be able to operate the university at the proposed level of funding. This led to speculation over the cancellation of the football season - not because of a lack of athletic funds, but rather, you can't have student-athletes, if there are no classes for the students to be in.
The long and short of that was to apply pressure to the legislature to come up with the funding to assure that the university would remain open.
No one seemed worried about closing the school, until they realized it would threaten their precious football. then, they got their shite together and came up with the money.
Take a look at LSU's academic endowment, and compare that to TAF funding, and you'll see where our priorities are.
Posted on 7/22/19 at 11:09 am to WildTchoupitoulas
quote:
Take a look at LSU's academic endowment, and compare that to TAF funding, and you'll see where our priorities are
TAF has very little money, compared other universities' athletic supporters.
Posted on 7/22/19 at 11:10 am to SummerOfGeorge
unfortunately,LSU is a lot like the government. The swimming pool complex that has a portion that spells out "L S U" is awesome. But $85 million from student fees were spent on that. Pet,fun projects seem to miraculously have money appear.
Lot of wasted money. At this time $85 mill could have been spent more wisely.
Lot of wasted money. At this time $85 mill could have been spent more wisely.
Posted on 7/22/19 at 11:11 am to SummerOfGeorge
Probably because of the 24/7 tech support keeping the SECR flying high, since not one other damn SEC school hasn't anything like it.
Posted on 7/22/19 at 11:12 am to SummerOfGeorge
Posted on 7/22/19 at 11:19 am to SummerOfGeorge
quote:
terrible concoction of revenue decline and idiots in charge
Yes.
Posted on 7/22/19 at 11:21 am to TruthTellerLSU
quote:
Democrats in charge
Started under governor Quik-E-Mart.
Posted on 7/22/19 at 11:22 am to deaux
Bobby Jindal's greatest failure as governor was not using his entrenched political capital to rework the state constitution to sort out the issues that are hurting the health care and higher education systems...
Posted on 7/22/19 at 11:25 am to SabinBear
quote:
TAF has very little money, compared other universities' athletic supporters.
Lol. I realize we aren’t funded by those high class folks with second mortgages on their mobile homes like Alabama, but I think we are doing alright.
Posted on 7/22/19 at 11:26 am to SabinBear
Posted on 7/22/19 at 11:29 am to I-59 Tiger
Everyone slams me for the whole "quality over quantity" issue, but we haven't exactly always been able to depend on the State of Alabama to get us through tough times.
Letting the State filter through their Capstone first has become wise over the years.
The less government in a University is wise unless you have unlimited money.
Our whole State (over decades of work through government..."and" financially) certainly doesn't fit that bill historically.
Letting the State filter through their Capstone first has become wise over the years.
The less government in a University is wise unless you have unlimited money.
Our whole State (over decades of work through government..."and" financially) certainly doesn't fit that bill historically.
This post was edited on 7/22/19 at 11:49 am
Posted on 7/22/19 at 11:36 am to WilliamTaylor21
quote:
You sure?
Ah, ok, Dollar General is a reference to that.
What is Kovacs?
Posted on 7/22/19 at 11:38 am to WildTchoupitoulas
quote:
WildTchoupitoulas
Good stuff man, thanks. It is a bit frustrating though to see people do the easy "Well they have athletic money!" thing as if Universities run off of donor funds. Obviously donor funds matter for certain stuff, but the main operating revenues of a University are state funds and tuition. It's not the alumni of a school's job to pay for repairs and maintenance of buildings on campus, or to make up the shortfall, nor should they be finger waged for giving money to athletics and the University.
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