Louisiana Ended Most Recent Budget Year With A Deficit

BATON ROUGE (AP) — Gov. Bobby Jindal's administration is quietly notifying legislative leaders that Louisiana closed the books on the last budget year with a deficit.

         But the administration won't release a figure publicly.

         The announcement of the deficit's size is expected in mid-October to the Legislature's joint budget committee.

- Sponsors -

         House Speaker Chuck Kleckley and Appropriations Committee Chairman Jim Fannin said Wednesday they've been told by administration officials Louisiana ended the last fiscal year June 30 in the red.

         Both men said they've not received a final tally.

         The deficit, which will have to be closed within nine months, heaps new worries on a state struggling with a long list of budget problems. It comes as Jindal is running for the GOP presidential nomination and pitching himself as a strong manager of Louisiana's finances.

- Partner Content -

Entergy’s Energy Smart Program Brings Cost Conscious Innovation to New Orleans

Offering comprehensive energy efficiency at no cost to the consumer, Entergy’s Energy Smart program incentivizes Entergy New Orleans customers to perform energy-saving upgrades in...

         – by AP Reporter Melinda Deslatte

 

 

- Sponsors -

 

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