94°
Baton Rouge, Louisiana
3 Day Outlook
Wed
100°
78°
20%
Thu
98°
77°
50%
Fri
97°
75°
20%

Latest Weather Blog

Follow our weather team on social media

Louisiana's budget shortfall continues to rise

5 years ago September 21, 2009 Sep 21, 2009 Monday, September 21 2009 Monday, September 21, 2009 4:20:23 PM CDT in News
Source: WBRZ

State money managers say Louisiana is expected to add $1.2 billion to this year's budget shortfall.

Louisiana's shortfall has already reached $850 million this year. The price for a barrel of oil is an important factor in forecasting state revenue. A barrel is currently selling for about $70. State projections are around $53. That would normally trigger a surplus.

State budget experts said sales and income taxes are lower than expected. That will offset any difference with the price of oil under current conditions.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days