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Content Tagged As shortfall

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  • Louisiana House moves into second day of budget debate

    May 13, 2016 12:09 PM

    BATON ROUGE - The Louisiana House has resumed its debate on the nearly $26 billion state operating budget proposed for next year. College and health care programs are on the chopping block as lawmakers continue to grapple with how to close a $600 million shortfall in the financial year... more »
  • Budget debate begins Thursday in the Louisiana House

    May 12, 2016 11:51 AM

    BATON ROUGE - Lawmakers in the Louisiana House are expecting a long day as they debate how to craft next year's budget and close a $600 million shortfall. The biggest disagreement for the financial year that begins July 1 centers on whether to prioritize the TOPS free college... more »
  • Louisiana budget shortfall could still top $50 million

    March 10, 2016 5:06 PM

    BATON ROUGE - Tax bills were rushed through in such frenzy in the final minutes of the special legislative session that the governor, lawmakers and their financial advisers were still trying Thursday to sift through the implications. This year's budget could be out of balance anywhere from $30 million... more »
  • Edwards calls special session to raise taxes Play Video

    February 5, 2016 4:20 PM

    BATON ROUGE - State lawmakers will start debating a tax hike next week with Governor John Bel Edwards calling a special legislative session Friday to tackle Louisiana's budget crisis. Lawmakers will go into the special session on Sunday, Feb. 14 and will remain in session until Mar. 9. Edwards... more »
  • Colleges asked to prepare for $131M possible cut this year Play Video

    January 22, 2016 11:16 AM

    BATON ROUGE - Louisiana's public colleges are being told to prepare for as much as a $131 million cut across campuses in the remaining five months of the state budget year. Gov. John Bel Edwards' chief budget adviser, Commissioner of Administration Jay Dardenne, asked for budget cut proposals in... more »
  • Medicaid, TOPS, public schools all running out of money Play Video

    December 30, 2015 1:58 PM

    BATON ROUGE - The state's budget woes keep getting worse. Louisiana now has a $2.65 billion budget hole to be filled by June. Incoming Commissioner of Administration Jay Dardenne announced the sobering news Tuesday at LSU. "This is the clear view, the true picture for where we are today. It's... more »
  • Governor-elect's adviser warns of 'more dire' budget woes

    December 30, 2015 12:40 PM

    BATON ROUGE - Gov.-elect John Bel Edwards' administration is warning that Louisiana's budget woes are even worse than it had anticipated, with an estimated shortfall of up to $750 million that needs to be closed by the end of June. Jay Dardenne, Edwards' chief financial adviser, told reporters on... more »
  • Next year's state budget shortfall projected at $713M

    August 14, 2015 11:37 AM

    BATON ROUGE - Only two months from a difficult budget-balancing session, state lawmakers have gotten their first official glimpse of the shortfall they already face for next year: $713 million. News Friday of a horizon filled with future budget gaps wasn't unexpected for the Legislature's joint budget committee. This year's... more »
  • VA says it faces $2.5B budget shortfall

    June 25, 2015 11:48 AM

    WASHINGTON - The Department of Veterans Affairs says it faces a budget shortfall of more than $2.5 billion, mainly because of increased demand by veterans for health care, including new life-saving treatments for Hepatitis C. Deputy VA Secretary Sloan Gibson tells a House committee VA health care sites experienced a... more »
  • Louisiana House passes $24B budget proposal for next year Play Video

    May 21, 2015 11:34 AM

    BATON ROUGE - The Louisiana House has agreed to a more than $24 billion budget proposal for next year that contains fewer cuts than lawmakers had feared but still leaves some public health care programs short. Lawmakers voted 65-37 Thursday for the spending plan to finance government operations in the... more »
  • $56 million in budget gaps estimated for this year

    April 16, 2015 8:09 AM

    BATON ROUGE, La. (AP) - As if lawmakers didn't have enough budget worries with next year's $1.6 billion shortfall, state senators learned this year's budget is short an estimated $56 million. Sherry Phillips-Hymel, the Senate's chief budget analyst, gave the Senate Finance Committee a list Wednesday of outstanding financial gaps... more »
  • A look at Jindal's proposal to close the $1.6B budget gap

    February 27, 2015 10:38 AM

    BATON ROUGE - Louisiana has a $1.6 billion budget shortfall in the 2015-16 fiscal year that begins July 1. Gov. Bobby Jindal proposes to close the gap with savings from lessened tax break spending, piecemeal financing and cuts across state agencies. Here's how Jindal proposes to address the shortfall: -Cap... more »
  • Lawmakers support most of Jindal plan to close midyear gap

    February 20, 2015 3:13 AM

    BATON ROUGE - Lawmakers complained, but didn't reverse $61 million in cuts that Gov. Bobby Jindal levied across state agencies to close a midyear deficit. Members of the Legislature's joint budget committee raised objections Friday to reductions to state parks, agriculture programs and health care services. But they couldn't get... more »
  • Jindal administration working to close budget gap

    December 11, 2014 12:10 PM

    BATON ROUGE - Gov. Bobby Jindal's administration has started sifting through agency budget proposals as it works on a plan to close next year's $1.4 billion shortfall. But Commissioner of Administration Kristy Nichols says the hole isn't quite as large as it appears. About $200 million is tied to inflationary... more »
  • Next year's state budget shortfall pegged at $1.2B

    August 14, 2014 11:50 AM

    BATON ROUGE - State lawmakers have gotten their first glimpse of next year's budget gap that they'll have to close, and it's another hefty shortfall: $1.2 billion. The grim news was delivered Thursday to the joint legislative budget committee. It barely raised eyebrows at the committee hearing, after more than... more »
  • Lawmakers discuss possible hospital lease shortfall Play Video

    September 13, 2013 7:04 PM

    BATON ROUGE - A projected $39 million shortfall in the state's public-to-private hospital deal dominated discussion at the Joint Legislative Committee on the Budget meeting Friday. Earlier this week the non-partisan Legislative Fiscal Office projected a budget shortfall for the current fiscal year, saying Gov. Bobby Jindal's plan to... more »
  • Baker budget issues could lead to layoffs Play Video

    May 30, 2013 5:17 PM

    BAKER - Public safety could be on the chopping block in the city of Baker as city officials look for ways to cut the budget for next year. Mayor Harold Rideau says by the end of the year the city might be in the hole more than $900,000. He... more »
  • LSU warns of potential budget shortfall

    March 21, 2013 4:07 PM

    BATON ROUGE - LSU Interim Chancellor Dr. William Jenkins sent out an email warning faculty and staff about the upcoming budget situation facing the state's flagship university. In the email Jenkins said preliminary information showed the university would receive $23 million less from state appropriations, and that revenue from... more »
  • State budget deficit growing into billions Play Video

    January 18, 2013 6:17 PM

    BATON ROUGE - Lawmakers met at the capitol this morning, where they discussed the state budget and its growth. Members of the joint budget committee are optimistic because the state took in more money than expected last month. The state is short $1.2 billion though, and many lawmakers are... more »

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