Lawmakers To Decide By Dec. 8 On Using 'Rainy Day' Fund

BATON ROUGE (AP) — Ballots have gone out to state lawmakers, asking them to decide whether Louisiana should tap its "rainy day" fund to rebalance this year's budget.

         Gov. Bobby Jindal is asking House and Senate members to use $28.2 million from the fund to help close a midyear deficit and keep public colleges from facing cuts.

         To use the Budget Stabilization Fund, as it's officially known, requires support from two-thirds of lawmakers in both chambers.

- Sponsors -

         Ballots are due by 5 p.m. on Dec. 8.

         It's the last piece of Jindal's plan to address a $487 million deficit in this year's $25 billion budget.

         Lawmakers already agreed to the rest of the governor's recommendations, though they acknowledged the rebalancing plan leaves hefty problems for Gov.-elect John Bel Edwards when he takes office in January.

- Partner Content -

The Bookkeeper: Behind the Scenes of Success

From bustling restaurants and family-owned shops to contractors and creative agencies, local businesses shape the pulse of every parish. Behind many of these success...

 

 

Digital Sponsors / Become a Sponsor

Close the CTA

Happy 504 Day!  🎉

Order a full year of local stories,

delivered to your door.

Limited time offer. New subscribers only.

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

Email Newsletter

Sign up for our email newsletter