THIBODAUX – The Louisiana Division of Administration has instructed the state’s institutions of higher education to prepare two financial scenarios that, if implemented, would result in a substantial reduction in state appropriated funds for the 2009-2010 fiscal year. According to the proposed scenarios, Nicholls State University could face a minimum budget cut of $4,773,579 and a maximum cut of $8,604,487.
“Clearly, a budget cut of either magnitude would be incredibly damaging to our university, students, faculty, staff and the region we serve,” said Dr. Stephen T. Hulbert, university president.
Between now and Monday, Jan. 26, the submission deadline, steps will be taken to complete the necessary planning effort to prepare both planning exercises. In doing so, the Nicholls administration will consider potential program reductions while protecting the university’s academic core. At the same time, the administration will consider every possible source of additional revenue before any reduction is actually implemented for FY 2009-2010.
“These are very challenging economic times for Louisiana, and unfortunately the majority of budget cuts must be absorbed by higher education and health care,” Hulbert said. “Nicholls will work closely with its legislative delegation and the Division of Administration to do its part. Now, more than ever, we need the citizens of the Bayou Region to voice their support for Nicholls and the future of higher education in Louisiana.”