Edwards administration warning $313M budget gap could grow
BATON ROUGE - Gov. John Bel Edwards' chief budget architect says he fears Louisiana won't meet its income forecast this year, heaping new financial problems on a state already facing a $313 million deficit from last year.
Commissioner of Administration Jay Dardenne told state lawmakers Friday that economists have been tracking tax collections this year. And he says: "It's not looking real good."
The Edwards administration notified the joint House and Senate budget committee that the state closed the books on the financial year that ended June 30 having spent $313 million more than the state collected in revenue.
But Dardenne says he expects the news to grow worse, because this year's collections also appear to be lagging expectations.
The Edwards administration has asked state agencies and colleges to draw up cut scenarios.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Pointe Coupee seeing flash flooding from Barry, crews out placing sandbags
Family remembers slain BR activist as police investigates murder
Assumption Parish begins clean-up post Barry
Deaf sign language interpreter, first of his kind in Louisiana, goes viral...
Power outages for some could linger for a few days, Entergy warns