Jindal To Unveil Deficit-Closing Plan

BATON ROUGE (AP) — Lawmakers are awaiting Gov. Bobby Jindal's plan to close a $171 million state budget deficit.

         Commissioner of Administration Kristy Nichols presents the budget-rebalancing plan Friday morning to the joint House and Senate budget committee.

         The gap emerged in the $25 billion budget for the fiscal year that ends June 30. Jindal is expected to use a mix of cuts, tax amnesty proceeds and savings from a freeze on nonessential state spending to eliminate the deficit.

- Sponsors -

         The Jindal administration said it will shield Louisiana's public colleges from cuts, but health care services could be on the chopping block.

         Louisiana's income estimating panel dropped the revenue forecast last week because of slumping severance tax and mineral royalties from dropping oil prices, combined with weak growth in personal income taxes.


Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter