Louisiana Gov. Bobby Jindal’s budget proposal would leave colleges with shaky and uncertain financing next year and create cash flow problems at the schools, the state’s higher education commissioner, Jim Purcell, said Thursday.
Purcell told the House Appropriations Committee that he’s troubled by the governor’s budget recommendations for public colleges, which would strip state general fund money from the schools for a sixth straight year.
Jindal’s spending plan would plug $490 million in patchwork funding into colleges — dollars that are tied to leases, property sales, legal settlements and legislation that haven’t yet happened.
If the dollars don’t show up, higher education would take a 19 percent cut in the 2013-14 fiscal year that begins July 1.