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re: Could the State of Louisiana set up LSU like the State of Texas has UT?
Posted on 7/9/19 at 7:46 pm to Smalls
Posted on 7/9/19 at 7:46 pm to Smalls
quote:
Could the State of Louisiana set up LSU like the State of Texas has UT?
Not really. With all that "wasteland" in West Texas the state granted vast amounts of mineral rights to UT. Much of that turned into producing acreage and with the current activity in unconventional production there is yet another windfall to the University system. Louisiana oil and gas production is in an advanced state of decline and simply does not throw off the revenue that Texas does. If it would have done this 100 years ago it may have worked.
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Posted on 7/9/19 at 8:15 pm to Smalls
Please, for the love of God, do not emulate UT.
Posted on 7/9/19 at 8:30 pm to Slingscode
Just take the money from the Loop's budget. They'll never miss it.
Posted on 7/9/19 at 8:51 pm to toosleaux
quote:
You would think we could find some way to divert some of those millions and millions of dollars
Dude they synchronized the red lights back in 97 with the gambling money. What else do you want?
Posted on 7/9/19 at 9:37 pm to Smalls
There is not enough money in all of Louisiana to fill the money pit that is LSU.
Posted on 7/9/19 at 10:14 pm to Smalls
UT is setup better because Texans are smarter than coon asses it's just reality.
Posted on 7/9/19 at 10:17 pm to Smalls
quote:
Could the State of Louisiana set up LSU like the State of Texas has UT?
No, because they're Texas and we're Louisiana.
Posted on 7/9/19 at 10:17 pm to Smalls
The state is wayyyyyy too corrupt and arse backwards to do that. Look at our history. We will be one of the last states to fall for marijuana legalization when it would be an absolute goldmine in this state and there are literally zero negative consequences to doing it. This state will never be able to get out of it’s own way because it is incapable of producing the leadership necessary to do it.
Posted on 7/9/19 at 10:47 pm to Manzielathon
LSU is barely one step ahead of Southern & Grambling when it comes to management and administration.
Posted on 7/9/19 at 11:05 pm to MrLSU
quote:
LSU is barely one step ahead of Southern & Grambling when it comes to management and administration.
Well that’s not true at all. It would only take one decent person that wanted this state to succeed to make huge positive changes but if you look at the way our president is treated there’s not much motivation to do so.
Posted on 7/9/19 at 11:07 pm to Smalls
LSU is barely getting by. Year after year the state is reducing funding to LSU. Leaves LSU no choice but to increase tuition.
Posted on 7/9/19 at 11:25 pm to Jones
Already started, LSU AG center is about to start growing.
Posted on 7/10/19 at 2:57 am to TH03
quote:
They bought land 200 years ago for expansion purposes and there happened to be oil underneath.
Correction:
The State of Texas retained all of its public lands upon entering the Union in 1846, 2 million of which were set aside to benefit The University of Texas by the current state constitution adopted in 1876 (the Agricultural and Mechanical College of Texas -- today's aggy -- is considered a constitutional branch of The University of Texas).
The land was meant to graze cattle and perhaps be sold piecemeal, much like land-grant colleges were funded by the federal government. The West Texas land was considered to have relatively little value.
That changed when oil was found in 1929 in what's called the Permian Basin. A&M, which previously didn't want anything to do with the land and from which they received no proceeds, pissed and moaned to the state legislature (surprise, surprise) to get 1/3 of the endowment proceeds that were now fueled by oil royalties (but not the land, the title of which is still held by The University of Texas).
The proceeds were expanded in 1984 to include other (but not all) UT and A&M system schools and departments.
However, UT Austin gets most of the yearly payouts, by far. And why shouldn't we? We're The University of Texas.
This post was edited on 7/10/19 at 2:59 am
Posted on 7/10/19 at 3:20 am to Smalls
A lot of responses in the thread will advocate for legalizing weed. Weed can make people unproductive. But you know who does make Louisiana unproductive? The stupid fricks who think weed should be illegal.
Posted on 7/10/19 at 4:51 am to Smalls
quote:
does the State have any revenue producing assets
You, Baw. You are the asset that is to be taxed, with ever-expanding taxes, and new creative taxes. You will also pay higher fees for Licenses, permits, or anything you have to approach them for. The hungry hand of gubmint is always out.
Once you think you cannot stand anymore taxes, they will write you a few tickets for running yellow lights and slow rolling through stop signs.
You are an ATM.
Posted on 7/10/19 at 8:31 am to Smalls
The government should not attempt to produce revenue through harvesting of natural resources. In fact, it should not be involved in any profit-generating business at all. Not only is this taking a risk with public funding, but government entities are inherently very bad at this type of enterprise.
Posted on 7/10/19 at 8:42 am to Smalls
quote:
Could the State of Louisiana set up LSU like the State of Texas has UT?
Lol. They can't even budget their own dollars without trying to steal more, so they are going to route $160 million out of the kindness of their hearts without dipping into it?
Posted on 7/10/19 at 8:47 am to Smalls
No thanks
Posted on 7/10/19 at 8:48 am to Smart Post
quote:
The State of Texas retained all of its public lands upon entering the Union in 1846, 2 million of which were set aside to benefit The University of Texas by the current state constitution adopted in 1876 (the Agricultural and Mechanical College of Texas -- today's aggy -- is considered a constitutional branch of The University of Texas).
Tomato, potato.
LSU doesn't have anything like this.
Posted on 7/10/19 at 8:52 am to Smalls
Why? The University of Louisiana is the flagship
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