rainy day fund http://wwno.org en Rainy Day Fund Legislation Advances in La. House http://wwno.org/post/rainy-day-fund-legislation-advances-la-house <p>BATON ROUGE &mdash; The Louisiana House will take up a proposal to use $205 million from the state&#39;s &quot;rainy day&quot; fund to offset a deficit in this year&#39;s budget. The House Appropriations Committee voted yesterday to tap into the Budget Stabilization Fund. The move is overwhelmingly backed by the Senate. A bloc of conservative House Republicans voted against using the money.<span style="display: none;">&nbsp;</span></p> Fri, 01 Jun 2012 16:25:18 +0000 The Associated Press 12620 at http://wwno.org Senate Agrees To Use Louisiana's Rainy Day Fund http://wwno.org/post/senate-agrees-use-louisianas-rainy-day-fund <p>BATON ROUGE &mdash; Looking to fill a deficit of more than $200 million in this year&#39;s budget, the Louisiana Senate has agreed to tap into the state&#39;s &quot;rainy day&quot; fund. Senators voted yesterday for the proposal by Sen. Jack Donahue, Republican chairman of the Senate Finance Committee. It would allow lawmakers to take nearly $205 million from the fund.<span style="display: none;">&nbsp;</span></p> Wed, 30 May 2012 14:28:28 +0000 The Associated Press 12373 at http://wwno.org Rainy Day Fund Part of Ongoing Budget Negotiations http://wwno.org/post/rainy-day-fund-part-ongoing-budget-negotiations <p>BATON ROUGE, La. (AP) &mdash; An attempt to tap into Louisiana&#39;s &quot;rainy day&quot; fund to fill a $200 million deficit this year is mired in negotiations. Members of a bloc of conservative House Republicans say they won&#39;t support using the rainy day fund to fill the gap in the current year budget, unless the Senate goes along with limitations on the use of one-time money in next year&#39;s spending plans.</p> Thu, 24 May 2012 16:23:04 +0000 The Associated Press 11945 at http://wwno.org House Committee to Unveil Plan for $211M Deficit http://wwno.org/post/house-committee-unveil-plan-211m-deficit <p>BATON ROUGE, La. (AP) &mdash; The House budget-writing committee is unveiling its plans Tuesday for filling a $211 million deficit this year, after working behind the scenes with the governor&#39;s office on ideas for plugging the gap.</p><p>The Appropriations Committee also is expected to rework next year&#39;s $25 billion budget proposal to account for a more than $300 million drop in projected state revenue in the new year that begins July 1.</p> Tue, 01 May 2012 14:59:08 +0000 The Associated Press 9899 at http://wwno.org 'Rainy Day' Fund Use Considered by Lawmakers http://wwno.org/post/rainy-day-fund-use-considered-lawmakers <p>BATON ROUGE, La. (AP) &mdash; Lawmakers are weighing whether to use Louisiana&#39;s &quot;rainy day&quot; fund to fill a $211 million gap in this year&#39;s budget.</p><p>House Speaker Chuck Kleckley said Thursday that the state could get $215 million from the fund, if two-thirds of the House and Senate agree. He says he&#39;s willing to look at using the money because he&#39;s worried that higher education and health care would face deep cuts otherwise that could damage services.</p><p>The state&#39;s forecasting panel downgraded income projections this week.</p> Fri, 27 Apr 2012 15:49:15 +0000 The Associated Press 9603 at http://wwno.org