leofrog
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RE: the state of Louisiana finances?
(02-12-2016 01:25 PM)Wintereisse Wrote: (02-12-2016 01:01 PM)FrancisDrake Wrote: (02-12-2016 12:19 PM)Wintereisse Wrote: Why would LSU receive any tax dollars to run their football program in the first place? Heck, if Nebraska can do without it LSU should be able to.
College Athletics. The athletes that play sports are "students." Without money to pay professors, there are no classes, students receive no grades, student athletes are ineligible to play.
Successful College Athletics: Fans pay for merchandise, food, beer, tickets and donate money. Athletic Department profits, no need for State assistance.
Read the dang article!! It has nothing to do with funding athletics. It's about funding the student part of the athlete.
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02-12-2016 01:40 PM |
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chrisattsu
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RE: the state of Louisiana finances?
(02-12-2016 10:37 AM)EvilVodka Wrote: Ole Miss allegations? Tennessee rape scandals? LSU budgets? I wonder who could be behind all of this....
Aggie Masterminds
(This post was last modified: 02-12-2016 02:33 PM by chrisattsu.)
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02-12-2016 02:32 PM |
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Wedge
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RE: the state of Louisiana finances?
(02-12-2016 01:40 PM)leofrog Wrote: Read the dang article!! It has nothing to do with funding athletics. It's about funding the student part of the athlete.
Oh, you've been reading this board long enough to know that almost no one is going to read the article, though some people will tell you to read it for them and tell them what it says.
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02-12-2016 03:13 PM |
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FrancisDrake
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RE: the state of Louisiana finances?
(02-12-2016 01:25 PM)Wintereisse Wrote: (02-12-2016 01:01 PM)FrancisDrake Wrote: (02-12-2016 12:19 PM)Wintereisse Wrote: Why would LSU receive any tax dollars to run their football program in the first place? Heck, if Nebraska can do without it LSU should be able to.
College Athletics. The athletes that play sports are "students." Without money to pay professors, there are no classes, students receive no grades, student athletes are ineligible to play.
Successful College Athletics: Fans pay for merchandise, food, beer, tickets and donate money. Athletic Department profits, no need for State assistance.
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02-12-2016 03:21 PM |
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Sultan of Euphonistan
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RE: the state of Louisiana finances?
(02-12-2016 01:25 PM)Wintereisse Wrote: (02-12-2016 01:01 PM)FrancisDrake Wrote: (02-12-2016 12:19 PM)Wintereisse Wrote: Why would LSU receive any tax dollars to run their football program in the first place? Heck, if Nebraska can do without it LSU should be able to.
College Athletics. The athletes that play sports are "students." Without money to pay professors, there are no classes, students receive no grades, student athletes are ineligible to play.
Successful College Athletics: Fans pay for merchandise, food, beer, tickets and donate money. Athletic Department profits, no need for State assistance.
If a school is unable to run its non-athletic depts then the school is no longer eligible to participate in the NCAA (well effectively that is the case). It won't matter how much money the athletic dept has or makes because they will be not allowed to compete.
This is not acase of somebody saying we should cut athletics to boost the academic programs. This is the governor saying if you don't do something to fund these schools then they will not be able to run and then these athletes will not be allowed to compete because they will be found to be ineligible.
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02-12-2016 03:45 PM |
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bronconick
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RE: the state of Louisiana finances?
(02-12-2016 12:19 PM)Wintereisse Wrote: Why would LSU receive any tax dollars to run their football program in the first place? Heck, if Nebraska can do without it LSU should be able to.
If LSU can't pay their teachers in April, no one goes to class, the students recieve an Incomplete for a grade, including the football, baseball, etc. players and are ineligible to play NCAA sports in the fall semester. That doesn't include opening the university in September.
(This post was last modified: 02-12-2016 05:06 PM by bronconick.)
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02-12-2016 05:05 PM |
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oliveandblue
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RE: the state of Louisiana finances?
Nothing is going to happen. They will consolidate and shutter a number of other institutions in LA before LSU is given any life-threatening injuries.
The new Governor wants to raise state tax rates to be able to afford the next two years. Baton Rouge would take a nosedive if LSU were to ever leave, and businesses would continue to leave the state in droves.
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02-12-2016 06:19 PM |
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DavidSt
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RE: the state of Louisiana finances?
(02-12-2016 01:25 PM)Wintereisse Wrote: (02-12-2016 01:01 PM)FrancisDrake Wrote: (02-12-2016 12:19 PM)Wintereisse Wrote: Why would LSU receive any tax dollars to run their football program in the first place? Heck, if Nebraska can do without it LSU should be able to.
College Athletics. The athletes that play sports are "students." Without money to pay professors, there are no classes, students receive no grades, student athletes are ineligible to play.
Successful College Athletics: Fans pay for merchandise, food, beer, tickets and donate money. Athletic Department profits, no need for State assistance.
You don't get it. LSU closes the doors for good because of no money from the state? There be no teams for all the schools in Louisiana.
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02-12-2016 08:33 PM |
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C2__
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RE: the state of Louisiana finances?
(02-12-2016 03:13 PM)Wedge Wrote: Oh, you've been reading this board long enough to know that almost no one is going to read the article, though some people will tell you to read it for them and tell them what it says.
Which is why its always best just to put a quick summary with key quotes and bold points.
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02-12-2016 10:19 PM |
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cleburneslim
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RE: the state of Louisiana finances?
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02-12-2016 10:56 PM |
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DavidSt
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RE: the state of Louisiana finances?
The question is the articles only mentions LSU, but if the state is in crises? That means La. Tech, La.-Lafayette, La.-Monroe, Grambling State, Southern, New Orleans, McNeese State, SE La., Nicholls State, NW La. State and so forth also will face the same issues. How long the doors be shuttered? It could take months or years depending the outcome.
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02-12-2016 11:37 PM |
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shere khan
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Re: the state of Louisiana finances?
10% corn dog tax. Seriously though, at what point in American history has louisiana not been one huge clusterfrick
Nothing to see here.
(This post was last modified: 02-12-2016 11:55 PM by shere khan.)
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02-12-2016 11:55 PM |
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C2__
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RE: the state of Louisiana finances?
LSU football is not going anywhere. It'd be interesting, to the fierce resistance of some, if some schools were merged though. What if LSU and Southern were merged?
-You'd end up with Louisiana Southern University or...LSU.
-Grambling and Louisiana Tech? Louisiana Tech, Grambling? Grambling Louisiana Tech?
-New Orleans and Southern-NO, e.g. New Orleans Southern.
Mere conjecture but LSU football is not going anywhere.
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02-13-2016 05:26 AM |
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swampbear
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RE: the state of Louisiana finances?
(02-12-2016 11:37 PM)DavidSt Wrote: The question is the articles only mentions LSU, but if the state is in crises? That means La. Tech, La.-Lafayette, La.-Monroe, Grambling State, Southern, New Orleans, McNeese State, SE La., Nicholls State, NW La. State and so forth also will face the same issues. How long the doors be shuttered? It could take months or years depending the outcome.
This is not going to happen. This is no more than power politics and political posturing.....it's happened before.
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02-13-2016 09:28 AM |
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hawghiggs
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RE: the state of Louisiana finances?
(02-13-2016 05:26 AM)_C2_ Wrote: LSU football is not going anywhere. It'd be interesting, to the fierce resistance of some, if some schools were merged though. What if LSU and Southern were merged?
-You'd end up with Louisiana Southern University or...LSU.
-Grambling and Louisiana Tech? Louisiana Tech, Grambling? Grambling Louisiana Tech?
-New Orleans and Southern-NO, e.g. New Orleans Southern.
Mere conjecture but LSU football is not going anywhere.
Combining the Louisiana state system and the Southern system isn't a bad idea. They could toss in McNeese state and New Orleans in also.
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02-13-2016 09:34 AM |
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ken d
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RE: the state of Louisiana finances?
According to the governor, Louisiana will incur roughly a $1 billion deficit this fiscal year, and $2 billion next year. Consolidating and/or closing some of its many public colleges and universities will help a bit, but apparently the state has much bigger financial problems than just its school system.
If I'm reading their budget correctly, the state provides roughly $600 million to the three public university systems. A little more than half of that goes to the LSU system. Southern gets less than 10% with the balance to the 9 members of the University of Louisiana System. In aggregate, the three systems have a total budget of about $1.9 billion a year, with about a third of that coming from the state.
So, even if the state closed all of its public universities immediately, it would still face a deficit of more than $1 billion next year. Actually, it would be worse than that, because the loss of tax revenue due to all those unemployed teachers and admin staff being laid off in the process.
No doubt, Louisiana is screwed up, financially. But more so than Illinois which still has no budget, and has mostly stopped paying its bills? Bringing up LSU football may be a scare tactic, but it's just evidence that the massive restructuring of education that people have been predicting must happen is about to start in earnest.
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02-13-2016 11:10 AM |
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HeartOfDixie
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RE: the state of Louisiana finances?
(02-13-2016 05:26 AM)_C2_ Wrote: LSU football is not going anywhere. It'd be interesting, to the fierce resistance of some, if some schools were merged though. What if LSU and Southern were merged?
-You'd end up with Louisiana Southern University or...LSU.
-Grambling and Louisiana Tech? Louisiana Tech, Grambling? Grambling Louisiana Tech?
-New Orleans and Southern-NO, e.g. New Orleans Southern.
Mere conjecture but LSU football is not going anywhere.
It's going to be difficult to merge many of those school. The schools to be merged don't serve anything near the same quality of student.
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02-13-2016 12:25 PM |
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billings
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RE: the state of Louisiana finances?
(02-13-2016 11:10 AM)ken d Wrote: According to the governor, Louisiana will incur roughly a $1 billion deficit this fiscal year, and $2 billion next year. Consolidating and/or closing some of its many public colleges and universities will help a bit, but apparently the state has much bigger financial problems than just its school system.
If I'm reading their budget correctly, the state provides roughly $600 million to the three public university systems. A little more than half of that goes to the LSU system. Southern gets less than 10% with the balance to the 9 members of the University of Louisiana System. In aggregate, the three systems have a total budget of about $1.9 billion a year, with about a third of that coming from the state.
So, even if the state closed all of its public universities immediately, it would still face a deficit of more than $1 billion next year. Actually, it would be worse than that, because the loss of tax revenue due to all those unemployed teachers and admin staff being laid off in the process.
No doubt, Louisiana is screwed up, financially. But more so than Illinois which still has no budget, and has mostly stopped paying its bills? Bringing up LSU football may be a scare tactic, but it's just evidence that the massive restructuring of education that people have been predicting must happen is about to start in earnest.
Anytime you rely on one commodity/industry for a huge chunk of your tax base this is bound to happen sooner or later. Add in really poor state tax policy.
for example: "And perhaps a bigger problem than low prices for Louisiana is the state's lack of corporate tax collections. Albrecht says Louisiana is likely to pay more out to corporations in tax credits and refunds than it collects in taxes this year"
Whoever dreamt up their corporate tax structure is an idiot it seems
Aource: http://www.nola.com/politics/index.ssf/2...risis.html
(This post was last modified: 02-13-2016 12:40 PM by billings.)
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02-13-2016 12:36 PM |
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hawghiggs
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RE: the state of Louisiana finances?
(02-13-2016 11:10 AM)ken d Wrote: According to the governor, Louisiana will incur roughly a $1 billion deficit this fiscal year, and $2 billion next year. Consolidating and/or closing some of its many public colleges and universities will help a bit, but apparently the state has much bigger financial problems than just its school system.
If I'm reading their budget correctly, the state provides roughly $600 million to the three public university systems. A little more than half of that goes to the LSU system. Southern gets less than 10% with the balance to the 9 members of the University of Louisiana System. In aggregate, the three systems have a total budget of about $1.9 billion a year, with about a third of that coming from the state.
So, even if the state closed all of its public universities immediately, it would still face a deficit of more than $1 billion next year. Actually, it would be worse than that, because the loss of tax revenue due to all those unemployed teachers and admin staff being laid off in the process.
No doubt, Louisiana is screwed up, financially. But more so than Illinois which still has no budget, and has mostly stopped paying its bills? Bringing up LSU football may be a scare tactic, but it's just evidence that the massive restructuring of education that people have been predicting must happen is about to start in earnest.
They should try and sale some of these campuses to Notre Dame or SMU. I know that doesn't fix some of the problems. But it would get some of the campuses off the states books and still keep them open.
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02-13-2016 01:22 PM |
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ken d
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RE: the state of Louisiana finances?
(02-13-2016 01:22 PM)hawghiggs Wrote: (02-13-2016 11:10 AM)ken d Wrote: According to the governor, Louisiana will incur roughly a $1 billion deficit this fiscal year, and $2 billion next year. Consolidating and/or closing some of its many public colleges and universities will help a bit, but apparently the state has much bigger financial problems than just its school system.
If I'm reading their budget correctly, the state provides roughly $600 million to the three public university systems. A little more than half of that goes to the LSU system. Southern gets less than 10% with the balance to the 9 members of the University of Louisiana System. In aggregate, the three systems have a total budget of about $1.9 billion a year, with about a third of that coming from the state.
So, even if the state closed all of its public universities immediately, it would still face a deficit of more than $1 billion next year. Actually, it would be worse than that, because the loss of tax revenue due to all those unemployed teachers and admin staff being laid off in the process.
No doubt, Louisiana is screwed up, financially. But more so than Illinois which still has no budget, and has mostly stopped paying its bills? Bringing up LSU football may be a scare tactic, but it's just evidence that the massive restructuring of education that people have been predicting must happen is about to start in earnest.
They should try and sale some of these campuses to Notre Dame or SMU. I know that doesn't fix some of the problems. But it would get some of the campuses off the states books and still keep them open.
In all seriousness, that's not going to happen. But, I wouldn't be too surprised if a few of the schools were to be privatized. Again, though, privatizing these schools wouldn't make much of a dent in the deficit. Louisiana is facing now what nearly every state will face soon.
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02-13-2016 03:13 PM |
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