Jindal budget links college financing to uncertain proposals

BATON ROUGE, La. (AP) – After months of worry that Louisiana’s colleges would face steep cuts next year, campuses remain in a precarious position with the release of Gov. Bobby Jindal’s budget.

Much of the funding Jindal proposes to pay for higher education, $372 million, is dependent on uncertain tax credit changes. Another slice of financing totaling $211 million would require lawmakers to sift through money-generating ideas that aren’t even included in the budget.

If lawmakers and the governor don’t settle on ways to raise annual revenue streams, higher education faces a worst-case of losing up to $583 million in state financing – more than 60 percent of what it receives this year.

Negotiations will continue until a final version of the budget is written in June. The new fiscal year begins in July.

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

3/2/2015 10:47:11 AM (GMT -6:00)

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