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Content Tagged As shortfall

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  • 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 check to see if lock exists for regeneration 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 check to see if lock exists for regeneration 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 check to see if lock exists for regeneration 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 check to see if lock exists for regeneration 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 »
  • Next year's budget gap pegged at $963 million

    November 16, 2012 10:56 AM

    BATON ROUGE - The first snapshot of next year's state budget shortfall has been unveiled to lawmakers, and it's grim. Gov. Bobby Jindal's budget advisers said Friday the state is short $963 million to continue running all existing programs and account for inflationary growth in the budget year that begins... more »
  • La. Medicaid program has $127M shortfall

    November 1, 2011 5:54 PM

    BATON ROUGE - Louisiana's Medicaid program for the poor, elderly and disabled has a nearly $127 million state funding shortfall. The state health department announced the deficit figure Tuesday. But the Department of Health and Hospitals says it will use available federal funds to plug much of the gap,... more »
  • Rainy day fund lawsuit

    October 26, 2011 5:50 PM

    BATON ROUGE- The state could be facing a new $200 million dollar shortfall dealing with the rainy day fund. It is known officially as the budget stabilization fund. Attorney Kyle Keegan represents a group that filed suit saying the legislature illegally used nearly $200 million from the rainy day... more »
  • EBR School Board votes to keep Lab Academy open

    April 21, 2011 5:37 PM

    UPDATE 6:40 p.m. - The school board has voted to keep EBR Lab Academy at Istrouma High open. We'll have more details live at 10 p.m. BATON ROUGE - Many items, including an entire school, are on the chopping block at tonight's East Baton Rouge Parish School Board meeting.... more »
  • Government pay raises on chopping block

    March 2, 2011 11:37 AM

    BATON ROUGE- A second year of pay freezes for state employees is on the horizon. Louisiana's civil service chief recommends the suspension of the annual 4% pay raise for 56,000 rank-and-file government workers. The civil service director says many agencies can't afford the raises, and eliminating them could... more »
  • State budget forecast still gloomy

    January 21, 2011 6:11 PM

    The state budget forecast still shows a $1.6 billion dollar shortfall. It also shows the same shortfall five years from now. Budget analysts say if the current deficit is fixed this year, most of the five year debt disappears. Some lawmakers say the public can't understand why... more »
  • Revenue estimating panel adjusts forecast Thursday

    January 13, 2011 3:09 PM

    BATON ROUGE - The state's revenue forecasting panel has decided against revising its income projections for now, leaving Gov. Bobby Jindal without additional money to plug into his budget proposal. Two members of the four-member Revenue Estimating Conference, including House Speaker Jim Tucker, say they are hesitant to raise revenue... more »
  • Latest Medicaid shortfall won't prompt cuts

    January 3, 2011 6:04 PM

    BATON ROUGE - The state health department will reshuffle dollars within its budget to fill a new $19 million shortfall that has emerged in the state's Medicaid program, without making new budget cuts. The department also plans to reverse cuts to the Medicaid rates paid to hospitals for taking care... more »
  • Jindal adviser calls treasurer's plan unrealistic

    November 17, 2010 5:23 PM

    BATON ROUGE - Gov. Bobby Jindal's top financial adviser says a 16-point plan touted by Treasurer John Kennedy as a way to eliminate the state's budget shortfall is unrealistic and based on faulty figures. Kennedy has been traveling the state touting the ideas, which include cutting 5,000 vacant state jobs... more »
  • MFP shortage could solidify federal money switch for schools

    November 15, 2010 9:38 PM

    BATON ROUGE - An increase in public school students means an increase in the state's money woes. There are 9,000 more students in classrooms than the state planned for, and because school districts get paid per-student, the state now has to find $42 million to pay for them. The... more »
  • State budget cuts target higher education, healthcare

    October 22, 2010 5:51 PM

    Governor Bobby Jindal issued an executive order to more than two dozen state agencies today, demanding a reduction in their budgets to deal with a shortfall of nearly $107 million in the last fiscal year. More than $36 million of that falls on higher education and more than $20... more »
  • Acadia Parish approves school budget

    July 6, 2010 6:19 AM

    The Acadia Parish School Board has unanimously approved a $68.59 million general fund budget for 2010-11 that projects a $1.357 million shortfall. Business Director Mike Leonards said the district is facing increased expenses and less revenues. Leonards expects the district to be faced with $2 million in increased costs for... more »
  • WBR board approves $1.8 million in cuts

    May 20, 2010 6:19 AM

    The West Baton Rouge Parish School Board has approved $1.8 million in cuts aimed at helping offset an expected budget shortfall during the 2011 fiscal year. Superintendent David Corona says 17 teacher positions and five paraprofessional jobs will be eliminated through attrition. In addition, two school-based administrative positions will be... more »
  • Budget rebalancing on slower track

    April 23, 2010 5:51 AM

    Legislative plans to fast-track the closure of a $319 million deficit in this year's budget are being slowed. House Speaker Jim Tucker says that's because legislation near final passage in Congress impacts both this year's and next year's budget plans. The congressional bill would extend part of the federal stimulus... more »
  • Lafourche Parish schools to lay off 120

    April 23, 2010 5:46 AM

    The Lafourche Parish School Board approved sweeping layoffs, and up to 120 employees will lose their job. The cuts will affect 98 full-time and 22 part-time positions, including 65 classroom teachers, six office administrators and dozens of support staffers such as cafeteria workers, janitors and bus drivers. Other moneysaving moves... more »
  • Jindal addresses budget shortfall

    April 14, 2010 12:59 PM

    Gov. Bobby Jindal said Wednesday that amendments will be made to the projected budget in order to overcome the latest deficit. Jindal addressed the issue during a press conference at the Capitol. Louisiana has a $319 million budget deficit this year, a state income forecasting panel estimated Wednesday. There are... more »
  • Gov. Jindal to hold conference on revenue forecast

    April 14, 2010 10:06 AM

    Governor Jindal is set to speak at 12:30 p.m. Wednesday about the state's revenue forecast. News 2 will have a crew on the scene and bring you information as it becomes available. more »
  • Budget deficit gets a precise number

    April 14, 2010 8:04 AM

    Update: The Revenue Estimating Conference made a formal estimate of the deficit for the current budget year that ends June 30. The projected deficit for remainder of 2010 fiscal year is $319 million. The new fiscal year starts July 1st. The latest deficit presents a problem since it's happening so... more »
  • Assumption school district considers budget cut alternatives

    April 6, 2010 10:22 PM

    Unlike last week's meeting, other cost cutting options did make it on to the agenda. The district's Commerce Committee combed through different programs this evening to look for savings, but it doesn't mean eliminating teacher and teacher's aid positions are off the table. Committee member’s mulled over a... more »
  • Ascension schools face shortfall

    February 26, 2010 6:35 AM

    Superintendent Donald Songy says the Ascension Parish school system is working to plug a $6 million deficit for the 2010-2011 school year, and they're working to do that without layoffs. Songy says it could mean larger class sizes through attrition. The shortfall in the projected budget, estimated at $200 million,... more »
  • Budget shortfalls projected for La.

    February 19, 2010 6:08 PM

    State lawmakers found out Friday at the Capitol that the long term picture for the budget is not promising. The current budget shortfall is about $1.2 billion and is projected to be about $1.7 billion the next two years. For the 2014 fiscal year, the shortfall is projected to... more »
  • N.O. budget shortfall worse than expected

    October 6, 2009 11:09 PM

    Targeted employee furloughs is one of the options New Orleans Mayor Ray Nagin is considering to deal with the city's $68 million budget shortfall, about $25 million more than previously estimated. The mayor says he hopes to avoid layoffs in preparing the 2010 budget, which will be presented to the... more »
  • Louisiana's budget shortfall continues to rise

    September 21, 2009 5:20 PM

    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... more »

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