By Robert Mann
It’s buried on page six of the latest edition of Focus on the FISC, a monthly publication of the Louisiana Legislative Fiscal Office. Fiscal analyst Charley Rome reports that Louisiana has cut State General Fund support for higher education by 66 percent since fiscal year 2009.
Much of this, of course, has been offset by increased tuition and fees on students and their families. But taking that into account, the report concludes, “Overall total net funding to Higher Education has decreased by $353 M, or 11.8%, from FY 09 to FY 14.”
You can find the publication at this link. Or read the entire text of the higher education section below:
Table 6 above shows that State General Fund (SGF) support for higher education has decreased significantly over the last five years. The state’s general operating budget included approximately $1.55 B in SGF for higher education in FY09. SGF for higher education has decreased approximately 66% since FY09, decreasing by approximately $1 B to $525 M in FY14. Furthermore, higher education funding from SGF represented approximately 17.6% of all SGF in the state’s general operating budget in FY09. This percentage has declined to approximately 6.7% in FY14. SGF for higher education would need to increase by approximately $848 M to represent 17.6% of all SGF in the general operating budget in FY 14.
Table 6 above also shows that self-generated revenues (SGR) for higher education have increased significantly over the last five years. Increases in mandatory tuition and fees represent most of the growth in SGR over the last five years. The state’s general operating budget included approximately $735 M in SGR for higher education in FY 09. SGR for higher education has increased approximately 74% since FY09, increasing by approximately $544 M to $1.279 B in FY 14. In addition, Higher Education funding for FY 14 includes $340 M appropriated from the Overcollections Fund (See Table 7 to the right). Overall total net funding to Higher Education has decreased by $353 M, or 11.8%, from FY 09 to FY 14.