That's true, but I've read that reduced oil-tax revenue is also hurting the state. My issue is more with what I perceive as fear-mongering by the Governor. He's seemingly playing it off as citizens being fine with the state almost tits up due to debt, but threaten no football and they'll empty their pockets.
Unfortunately, he's probably not off-base in the priority level for many citizens.
I'm not familiar with LSU or how other LA colleges are run, but I would guess they are like Nebraska - raising tuition costs, reducing college offerings, too expensive for out of state students, faculty tenured in for life, constantly in a state of construction (new buildings), etc. With that whiz-bang operations plan, they'll be in debt (or a poor college) no matter what the state (or feds) kick in. Sadly, a number of schools (and states?) would be best-suited to go bankrupt and start over with a proper set of priorities instead of just rearranging deck chairs on the Titanic, which is what LSU/LA seems to be doing.
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