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GSU to absorb $12M slash

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Plans include layoffs, furloughs, university restructuring
081210 GSU crowd C.jpg
GSU faculty and Grambling residents listened as Pogue provided the details of a financial shortfall at the university. Pogue said the goal is to not allow GSU to become “paralyzed” by the budget cuts.

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.

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