GSU to absorb $12M slash
Due to Louisiana’s education budget cuts, Grambling State University is operating with a $4 million shortfall for the current academic year, and the financial bloodletting likely won’t end there.
“This year, we have a deficit of over $4 million,” said GSU President Frank Pogue on Wednesday as he addressed an assembly of faculty and Grambling residents. “Over the past two years, our state education allocation has dropped from $31.7 million to $18.6 million. We have reason to believe there will be a mid-year budget cut.”
What’s more is that in 2011, $6.5 million of Federal stimulus funds will be pulled from the state education budget, Pogue said.