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Unprecedented Era in Higher Education Financial Stability

I recently read an article related to the “unprecedented” budget cuts facing the LSU System.  System President John Lombardi warned the Chancellors of the various campuses that the system is looking at a 23.28 percent cut across the board unless the projected state budget for 2011-2012 changes.  A primary reason for the heightened focus is the expiration of the Stimulus Act funding for higher education that provided nearly $300 million to the state colleges and universities in Louisiana alone.