Governor's Executive Budget Proposal
Dear Faculty and Staff,
The release of the governor’s executive budget today provides a starting point for the Ìð¹ÏÊÓƵ’s budget planning for the 2015-16 fiscal year.
It’s early in the budget adoption process. There is still a way to go before we will know the final amount of financial support that we will have from the state for our Ìð¹ÏÊÓƵ as the legislature considers the governor’s budget proposal and ideas for adopting a statewide budget.
The governor has proposed to cap several refundable tax credits. By doing so, he projects that $372 million would be redirected to higher education. That would reduce, not eliminate, a cut to our funding. Higher ed funds are proposed to decrease by $211.3 million, which is less than initially projected. The governor’s budget also calls for fee hikes for Ìð¹ÏÊÓƵs, offset by a tax break for those additional fees.
UL Lafayette will continue to work with the legislature during the process to improve our final state budget.
I want to express my appreciation for your dedication to the success of our Ìð¹ÏÊÓƵs, to the research and creative activities that are a core part of what we do as a research university, and to the community engagement so integral to our Ìð¹ÏÊÓƵ.
Sincerely,
E. Joseph Savoie
President
president@louisiana.edu