62°
Baton Rouge, Louisiana
3 Day Outlook
Wed
84°
66°
10%
Thu
85°
68°
40%
Fri
87°
58°
10%

Latest Weather Blog

Follow our weather team on social media

Lawmakers use amnesty to offset budget deficit

1 year ago Friday, January 24, 2014 10:51:44 AM CST January 24, 2014 Friday, January 24 2014 Jan 24, 2014 in News
Source: Associated Press

BATON ROUGE - The state's operating budget is back in balance, after lawmakers agreed to use nearly $32 million from Louisiana's recent tax amnesty period to plug a deficit.

The shortfall stemmed from a revision in the state's income estimates, because of worse-than-expected tax collections in the current fiscal year that ends June 30.

But rather than have to make cuts, the state had unspent cash from the amnesty program that could be used.

Lawmakers on the Joint Legislative Committee on the Budget agreed to the deficit-filling plan without objection Friday, swapping out dollars in the state health department budget to make the accounting work.

It was the first time in six years that Gov. Bobby Jindal's administration didn't have to make midyear cuts to rebalance the state budget.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
Partly Cloudy
83°
61°
Wed
Mostly Cloudy
84°
66°
Thu
AM T-Storms
85°
68°
Fri
Partly Cloudy
87°
58°
Sat
AM Clouds / PM Sun
76°
53°