UL President Says Deficit Remains

[NewsCopy]

Ramesh Kolluru told faculty, staff and other stakeholders during a town hall this week that he plans to ask the Louisiana Legislature for a $15 million “strategic investment.”

The request was announced Tuesday while Kolluru updated attendees on the school’s $50-million deficit, with $25 million of that being a recurring structural deficit. The deficit was first reported last year and led to layoffs and other cost-cutting measures at the school, mostly led by the former interim president.

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[Turbine]

The goals for the next 10 years include increasing the amount dedicated to research from $254 million to $500 million, increasing enrollment from 16,100 to 27,500, and increasing the university’s endowment from $250 million to $500 million

Interesting

[UL_Cajuns]

I like the big goals. Aim high!

[NOCajun]

27,500

They'll really need to expand campus facilities to accommodate that many students, and I'm not just talking about room and board...

[CajunChuck]

Lofty goals but you have to think big in order to grow.

[SlowingDown]

So, much like selling land, the new president is going for one time money approach to fill a potentially reoccuring deficit?

In the meantime our foundation sent out a flyer a month ago promoting legacy giving. This featured a donor, no matter which side of the topic you fall, gives in support to a controversial program. And in turn, probably turned some donors away.

[Vobserver]

So, much like selling land, the new president is going for one time money approach to fill a potentially reoccuring deficit?

In the meantime our foundation sent out a flyer a month ago promoting legacy giving. This featured a donor, no matter which side of the topic you fall, gives in support to a controversial program. And in turn, probably turned some donors away.

I didn't read that anywhere in the article. Quite the opposite, in fact.