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Louisiana's Investment in Cancer Research

Louisiana's Investment in Cancer Research. Prescott Deininger, Ph.D. Co-Chair LCRC, Interim Director of the Tulane Cancer Center. Augusto Ochoa, M.D. Co-Chair LCRC, Director LSUHSC of New Orleans Stanley S. Scott Cancer Center. Steven E. Moye President & CEO. The Beginning of Change.

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Louisiana's Investment in Cancer Research

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  1. Louisiana's Investment in Cancer Research Prescott Deininger, Ph.D. Co-Chair LCRC, Interim Director of the Tulane Cancer Center Augusto Ochoa, M.D. Co-Chair LCRC, Director LSUHSC of New Orleans Stanley S. Scott Cancer Center Steven E. Moye President & CEO

  2. The Beginning of Change • 2002 Legislative Actions • -Senate Bill 73– Sen. John J. Hainkel, Jr. • Established LCRC - a private 501c3 entity • - Joint Governance (Tulane and LSU) • - Mission: Develop an NCI Cancer Center • - House Bill 157 – Rep. Mitch Landrieu • Recurrent funding through a new 12-cent tobacco tax increase to 36 cents per pack • LCRC - 5 cents per pack of cigarettes sold • 2 cents of this for Smoking Cessation • Program • Each 1 cent ~ $3.7 million annually • Currently ~ $10.5 million per year for the Center

  3. Cancer revenue sources FY 08/09 Fundraising 3% Interest Income 9% Tobacco Tax 89% Total Income:$11.8 million

  4. Tobacco tax revenue Dollars in millions

  5. Financial flow STATE LSU LSUHSC LCRC LSUHSC TULANE XAVIER

  6. Financial issues • Single revenue source • Limited fundraising • Fixed % of declining tobacco tax • Financial flow

  7. 2007 Legislative Session • Funding for the Louisiana Cancer • Research Center • Construction costs ~ $47 million pre-Katrina • Soared to > $90 million post-Katrina • Using cancer research program development funds • not an option • Capital Outlay Bill – Sen. John Alario • - Louisiana State Legislature approved $64 million • Supplemental Spending Bill - Sen. John Alario • - Also approved $38 supplemental spending bill • Combined legislation provides $102 million needed • for construction • Awaiting signatures/approval of final contracts

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