BATON ROUGE, LA (WAFB) - Higher education in Louisiana is getting a shot in the arm after five years of budget cuts.
Governor Bobby Jindal announced Tuesday a pledge of $142 million in increased funding for all of Louisiana's higher education institutions. The bulk of the cash will come from tuition hikes, which have, in the past, been off set by equal amounts of state reductions.
"The workforce and innovation for a stronger economy or wise fund is part of national trend of performance related funding. Where it stands at the forefront of national trends is the fact that it's tying our current state needs and workforce demands to what were able to produce and graduate as institutes of higher education," said LSU President F. King Alexander.
The exact details of the new plan will be released Friday when the Governor's budget is unveiled.