In Capitol Notes:
- Revenue down $129M, but budget deficit $165.5M
- Mid-year budget cut and spending freeze
- 1,672 graduated today
- 4 professors named Fellows of American Assoc. for Advancement of Science
- 2 professors named Inaugural Fellows of American Mathematical Society, including James Oxley recently named the 70th Boyd Professor by LSU Board.
- Reid named to All-American Team
- LSU System considers Re-Organization
The state revenue projects for the current fiscal year were lowered by $129 million yesterday. Today, the Division of Administration announced a $165.5 million deficit which includes the lower revenues plus unexpected costs associated with K-12 students and students qualifying for TOPS.
The Governor’s Office announced a plan to reduce state spending and inititate a spending freeze. Higher education’s cut was lower percentage wise than previous years, limited to $22 million which should come from an existing hiring freeze ($12 million) and a change in the means of financing due to unexpected tuition revenue ($10 million). Colleges and universities were also exempted from the spending freeze. This is the first time since the Recession began that higher education was protected from a freeze.
In better news, LSU graduated 1,672 students today. Congratulations to the new alumni.
Despite loss of number, the quality of faculty continues to be recognized by national organizations. The American Association for the Advancement of Science and the American Mathematical Society named 6 LSU faculty as Fellows of their organizations. This is an endorsement of faculty by their peers.
Eric Reid was named to the 69th Football Writers Association of America All-America Team.
Mathematician James Oxley was named the 70th Boyd Professor by the LSU Board, the highest faculty rank in the LSU System. Oxley’s work merges geometry, graph theory, and algebra, and points the way to solving every day problems such as speeding up the Internet, monitoring product quality, implementing GPS technology, and constructing online web services for auctions and selling advertisements.
The LSU Board is considering a re-organization to cut costs and improve efficiency and collaboration. Dr. Jenkins has completed a series of Town Hall meetings to all campuses.