The president of Louisiana State University announced that he had started planning for “financial exigency.” This follows that state’s governor’s call for major cuts to public higher education, which I noted two months ago.
Louisiana’s flagship university began putting together the paperwork for declaring financial exigency this week when the Legislature appeared to make little progress on finding a state budget solution, according to F. King Alexander, president and chancellor of LSU.
“We don’t say that to scare people,” he said. “Basically, it is how we are going to survive.”
Other Louisiana public campuses might do this as well:
[Sandra Woodley, president of the University of Louisiana system] said several of her campuses — though she would not specifically mention which ones — would have to file for financial exigency if no additional state funding is found.
The Times-Picayune explains what this means:
Being in a state of financial exigency means a university’s funding situation is so difficult that the viability of the entire institution is threatened. The status makes it easier for public colleges to shut down programs and lay off tenured faculty, but it also tarnishes the school’s reputation, making it harder to recruit faculty and students.
“shut down programs and lay off tenured faculty”: yes, exigency makes it easier to perform a queen sacrifice.
Here’s the magnitude of possible state funding reductions: Continue reading