budget

Louisiana Budget
12:04 pm
Tue June 19, 2012

Gov. Jindal Strips Dollars From Critic's Budget

BATON ROUGE — Treasurer John Kennedy, a critic of the Jindal administration's financial policies, has found his budget cut with Gov. Bobby Jindal's line-item veto.

In his veto message, Jindal said he's stripping more than $511,000 from Kennedy's budget next year to "streamline" the agency, to reflect spending patterns over the last three years and to strip money for four vacant jobs.

Kennedy's office will have a $12.2 million budget in the fiscal year that begins July 1, compared to $12.7 million this year, a 4 percent reduction, according to the treasurer's office.

Read more
Louisiana Budget
9:53 am
Mon May 14, 2012

La. Colleges Face Deep Cuts in House Budget

BATON ROUGE, La. (AP) — Louisiana's public colleges say they will be forced to make steep cuts next year if state senators agree to the version of the $25 billion budget passed by the House.

The governor's budget office says higher education would take cuts topping $200 million in the new fiscal year that begins July 1, under the House-approved budget.

Senators get their first look Monday at the House budget.

Read more
Louisiana Budget: Colleges
9:54 am
Tue May 8, 2012

Budget Proposes $71M in Cuts to Louisiana Colleges

BATON ROUGE, La. (AP) — Louisiana's public colleges are facing cuts of at least $71 million in next year's budget proposal, as it awaits debate on the House floor this week.

Commissioner of Higher Education Jim Purcell said Monday that college leaders will be pushing a bill to allow the schools to raise fees on students to cover the gap.

Read more
Louisiana Budget
9:59 am
Tue May 1, 2012

House Committee to Unveil Plan for $211M Deficit

BATON ROUGE, La. (AP) — 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's office on ideas for plugging the gap.

The Appropriations Committee also is expected to rework next year'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.

Louisiana Budget
10:49 am
Fri April 27, 2012

'Rainy Day' Fund Use Considered by Lawmakers

BATON ROUGE, La. (AP) — Lawmakers are weighing whether to use Louisiana's "rainy day" fund to fill a $211 million gap in this year's budget.

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's willing to look at using the money because he's worried that higher education and health care would face deep cuts otherwise that could damage services.

The state's forecasting panel downgraded income projections this week.

Read more
Louisiana Legislature
10:42 am
Tue April 24, 2012

Regular Legislative Session Reaches Halfway Point

BATON ROUGE, La. (AP) — Halfway through the regular legislative session, lawmakers are still having to deal with next year's $25 billion budget that faces a list of trouble. Those include falling income estimates, ties to uncertain retirement changes and disputes over how much one-time money should be plugged into the spending plan. The state's revenue forecasting panel on Tuesday is planning to tweak income estimates.

Pages