LAFAYETTE, La., Aug. 21 -- The University of Louisiana at Lafayette issued the following news release:

University of Louisiana at Lafayette President Dr. Ramesh Kolluru highlighted an improved financial position, investments in students and employees, and the University's continued role in Louisiana's changing economy during the State of the University on Wednesday.

Kolluru told attendees that UL Lafayette begins the fiscal year with a balanced budget for the first time in more than a decade, while emphasizing that continued financial discipline will be necessary.

"Our work is not finished. But, most important, we have changed our trajectory," he said. "Now, we must live within our budget, prioritize student success and generate the reve...