From a friend at LSU...
This isn't what it seems. It is t from gross mismanagement or anything like that.
The Louisiana constitution only allows the governor and the legislature to cut from 2 sources: higher education and/or healthcare.
Obviously I can't explain this in 1-2 sentences, but the biggest problem is that the government of Louisiana built it fiscal budget on $100 per barrel oil prices. Based on the fact that those barrels are actually selling for $50, there is a gap that needs to be covered.
This begins to illustrate the problem. What is really crazy is that the athletics dept is self sustaining and is setting records with revenu and salaries.
I believe this same issue is being experienced is a number of locations, but this is an extreme instance.
It's my understanding that exigency is a last last last, worst case scenario. In years prior, the state made the a change to a flagship agenda for higher education. Basically they made a bunch of 2 year colleges into 4 year universities.
There are option like returning them to 2 year schools and even eliminating them on the table. In Louisiana there are 4 public systems (LSU, UL, UNO and Southern), 3 additional public universities and 4 private college/universities.
There are tough choices that need to be made. LSU Baton Rouge will get some cuts and maybe even lose some majors or a college, but at the end of it, LSU will be the least affected of all the possible locations for cuts.