More budget cuts coming: New $370M state deficit emerges
BATON ROUGE - The budget hits keep on coming in Louisiana.
The state has a $370 million midyear budget deficit, amid oil and gas price drops and lower-than-expected business tax collections.
A downgrade of the state's income projections was approved Monday by the Revenue Estimating Conference.
Gov. Bobby Jindal's administration says it will close the midyear gap quickly, along with a $117 million deficit from last year that has yet to be addressed.
Jindal's top budget architect, Stafford Palmieri, said the administration could release its budget rebalancing plan as early as Tuesday. She wouldn't say what might be included, but said the administration wants to protect critical services.
Senate President John Alario says he hopes public colleges can be largely shielded from cuts, but he doesn't expect health care services will escape slashing.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Capital area prepares for St. Patrick's Day Parade
Student, worker arrested after fist fight between at local high school
Police: Man shot by deputy was having 'psychotic break', linked to nearby...
Video shows fist fight between student, worker at local high school
Visitation for fallen officer Chris Lawton