LA Board Of Regents Approves FY 2016-2017 Operating Budget Distribution

Governor John Bel Edwards addresses the Board of Regents stressing the importance of higher education and conveying his support for the outcomes based formula distribution.

BATON ROUGE –  The Board of Regents approved the FY 2016-2017 operating budget distribution for public higher education on Wednesday, June 29, 2016.

         Regents implemented an outcomes based funding formula as required by Act 462 of the 2014 Regular Session. A summary of the budget is as follows:

 

• The total state general fund appropriation decreased from $1 billion to $919M for FY 2016-17.

• $770M is available for higher education entities after funding TOPS at 70%.

• $483M in state general funds will be distributed to the two and four-year institutions which is $8.1M less when compared to FY 2015-16.

• $149M is allocated to fund TOPS, and GO Grants will be funded at the current year level of $26M.

• $4M in operational funding was provided to LSU HSC – Shreveport and $1M in legacy costs funding was provided to LSU HSC – New Orleans.

 

 

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