Rainy Day Fund Legislation Advances in La. House

Jun 1, 2012

BATON ROUGE — The Louisiana House will take up a proposal to use $205 million from the state's "rainy day" fund to offset a deficit in this year'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.