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Despite lucrative SEC membership, LSU athletics runs nearly $1M deficit | Louisiana

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www.thecentersquare.com – By Nolan McKendry | The Center Square – (The Center Square – ) 2025-02-18 13:44:00

(The Center Square) − An audit of Louisiana State University’s athletic department found that the Southeastern Conference powerhouse operated at a deficit of nearly $1 million for the 2023-24 fiscal year.

LSU’s financial struggles are not unique among Louisiana’s public universities. The Center Square reported last week that five other institutions also faced deficits, with a combined shortfall of over $21.7 million.

According to the Louisiana Legislative Auditor’s report, LSU’s athletic department brought in $220.28 million in revenue but incurred $221.1 million in expenses, leaving a shortfall of approximately $818,000.

LSU’s top revenue sources included $51.78 million from ticket sales, $79.14 million in contributions — up $15.6 million from the previous year — and $43.62 million from media rights as part of the Southeastern Conference. Additionally, the program received $5.22 million in guarantees and $1.53 million in football bowl revenues.

On the expense side, the university spent $43.19 million on coaching salaries, benefits and bonuses, while support staff and administrative compensation totaled $38.06 million. Other operational costs accounted for $36.2 million, with an additional $2.07 million spent on football bowl-related expenses.

The audit also detailed capital asset activity for LSU’s athletic department, showing total capital assets valued at $320.39 million. After accounting for depreciation, the net value of these assets stood at $183.89 million.

The Tiger Athletic Foundation, a nonprofit organization that supports LSU athletics, reported net capital assets of $202.8 million.

LSU’s athletics department also carries a significant debt load. The university had $47.58 million in outstanding principal from a $102.37 million bond issuance. The department retired $3.41 million in principal this past year, while its interest obligations totaled $9.09 million.

January audits for other Louisiana universities revealed significant deficits as well.

Louisiana Tech University recorded the largest deficit at $10.5 million, with $33.37 million in expenses against $22.87 million in revenue. The school’s largest revenue sources included $6.77 million in institutional support and $5.03 million in contributions, while coaching salaries and athletic student aid made up a significant portion of its costs.

Similarly, Northwestern State University ran a $2.66 million deficit, while the University of Louisiana at Monroe faced a $4.49 million shortfall. McNeese State University and Nicholls State University posted deficits of $1.65 million and $1.69 million, respectively.

Each of these programs relies heavily on institutional support and student fees to balance their books.

The post Despite lucrative SEC membership, LSU athletics runs nearly $1M deficit | Louisiana appeared first on www.thecentersquare.com

News from the South - Louisiana News Feed

Op-Ed: A Conservative Vision for a Safer, Smarter Louisiana | Opinion

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www.thecentersquare.com – By Jordan Richardson | Pelican Institute – (The Center Square – ) 2025-03-24 16:47:00

Crime remains a top concern in Louisiana, outpacing even economic worries for two years running, according to recent surveys. Yet, alongside this demand for safety, Louisianians overwhelmingly support a justice system that balances accountability with rehabilitation – 86% favor alternatives to incarceration for non-violent offenses, and 65% want judges to have more sentencing discretion.

This week, I was proud to work with Smart on Crime Louisiana and the Pelican Institute to release The Future of Justice: A Conservative Vision to Enhance Public Safety in Louisiana, a report that charts a path forward to meet these dual priorities.

Conservatives know that rule of law matters, and crime should clearly have consequences. But toughness alone isn’t strength; it’s failure if offenders return to crime. Louisianians want a system that works – one that punishes but also restores. Our report proposes four pillars to achieve this: empowering law enforcement with transparency and accountability; using data to pinpoint effective programs; creating pathways for the formerly incarcerated to rejoin society; and reforming sentencing laws for fairness and fiscal responsibility. Here’s how lawmakers can act.

First, expand reentry and drug courts. These programs, proven to reduce recidivism, remain underutilized in Louisiana. Only 47.6% of judicial districts offer drug courts, and just 19% have reentry courtsn– lagging far behind neighbors like Alabama and Tennessee, where 100% of districts provide both. Alabama’s Pre-Release and Reentry Program, for instance, slashed recidivism from 30% to 4%, saving money and strengthening communities. For every dollar spent, drug courts return $2.21 – enough to hire a new police officer – or $3.36 for high-risk offenders, nearly a year’s school supplies for a classroom. Louisiana could fund these programs through targeted grants and training, ensuring every district can offer these pathways to redemption.

Second, adopt a felony classification system. With over 600 felony offenses, Louisiana’s current sentencing framework is a maze of inconsistencies. Stealing $4,950 worth of goods carries a five-year maximum, but $5,050 – barely $100 more – doubles that to 10. Louisiana’s neighbors show a better way: Arkansas sorts felonies into Classes Y through D, Florida ranks them from third-degree to capital, Tennessee uses A to E, and Texas spans state jail to first-degree levels – all structured systems inspired by clear models like the Model Penal Code. A tiered system, as urged by the 2018 Louisiana Felony Class System Task Force, would standardize penalties, cut disparities, and bring clarity and predictability to a system James Madison might have called too “voluminous” to read or “incoherent” to understand.

Third, improve data collection. In 2022, only 58% of Louisiana’s law enforcement agencies reported crime data to the FBI, with just 37% submitting a full year’s worth – placing the state behind 39 others. Better data, backed by training and annual reporting mandates, would show what’s working, where crime festers, and how to deploy resources smartly. Without it, we’re guessing in the dark.

Finally, address the overuse of fines and fees that many can never afford to pay and are a fiscally irresponsible way of funding the state’s courts. Louisiana’s 600-plus charges – funding judicial salaries and operations – also create an appearance of conflict, as seen in federal rulings like Caliste v. Cantrell and Cain v. White. Repealing obscure penalties, capping fees, and expanding ability-to-pay assessments would restore trust and fairness.

These reforms aren’t about going soft – they’re about getting smart. They uphold the rule of law while offering second chances, saving taxpayer dollars, and building safer neighborhoods. Louisiana can lead as a model of conservative justice: firm, fair, and forward-looking. Lawmakers should seize this moment to act. The full report is available at pelicanpolicy.org – let’s start the conversation today.

Jordan Richardson is a Visiting Scholar at the Pelican Institute and author of The Future of Justice.

The post Op-Ed: A Conservative Vision for a Safer, Smarter Louisiana | Opinion appeared first on www.thecentersquare.com

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News from the South - Louisiana News Feed

Trump, Landry announce $5.8 billion Hyundai steel mill in Louisiana

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lailluminator.com – Wesley Muller – 2025-03-24 16:15:00

by Wesley Muller, Louisiana Illuminator
March 24, 2025

South Korean automaker Hyundai announced Monday that it plans to build a $5.8 billion steel mill in Louisiana to manufacture metal alloys for the company’s vehicle plants in Alabama and Georgia. 

Company executives held a joint news conference at the White House with President Donald Trump, Gov. Jeff Landry and local leaders, announcing the steel mill is just one piece of its plans for investing $21 billion in U.S. expansions over the coming years. Construction of the facility is expected to begin in the third quarter of 2026.

The project, located in Donaldsonville, will be the company’s first steel mill in the United States and is expected to create an estimated 1,300 direct jobs. 

“As a result, they’ll not have to pay any tariffs,” Trump said. “You know, there are no tariffs if you make your product in America, so that’s why so many people are coming.”

Hyundai’s announcement comes as foreign companies seek solutions ahead of Trump’s April 2 tariff deadline. 

“For decades now, what Americans have seen is jobs being offshored rather than onshored, and today’s announcement is exactly that,” Landry said.  

Hyundai chairman Euisun Chung said he shared his company’s expansion plans, which included its plant in Georgia, with Trump when the two met in Seoul back in 2019. Hyundai also plans to purchase an estimated $3 billion worth of liquefied natural gas to support its project, Chung said.

Hyundai has made other large investments in the U.S. recently, including a dedicated electric vehicle and battery plant in Georgia. The company also announced Monday it will open a third plant in Georgia.

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Louisiana Illuminator is part of States Newsroom, a nonprofit news network supported by grants and a coalition of donors as a 501c(3) public charity. Louisiana Illuminator maintains editorial independence. Contact Editor Greg LaRose for questions: info@lailluminator.com.

The post Trump, Landry announce $5.8 billion Hyundai steel mill in Louisiana appeared first on lailluminator.com

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Wet Monday ahead, foggy mornings return Tuesday

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www.youtube.com – WDSU News – 2025-03-24 05:25:15

SUMMARY: Expect a wet Monday with rain and thunderstorms, especially in the Greater New Orleans area. Showers are likely to begin around mid-morning and continue into the early afternoon, with the heaviest rainfall moving southeast at 25-30 mph. Temperatures are in the mid-60s to low 70s, and calm winds are expected. While the rain will taper off by the afternoon, scattered showers may persist into the evening. Starting Tuesday, expect foggy mornings, which will continue through Thursday. Temperatures will stay around 80°F, with mainly dry conditions later in the week, though it may remain cloudy.

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Wet Monday ahead, foggy mornings return Tuesday

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