Originally published on Wed February 4, 2015 7:15 am
“Who will starve, and who will get some breadcrumbs?”
That’s the question Southeastern Louisiana University professor Dayne Sherman — and many others — are asking, as Louisiana colleges and universities have been told to expect up to $400-million in cuts for the next fiscal year. That amounts to 40 percent of their current state funding.
Louisiana’s Department of Health and Hospitals held a public hearing Thursday, accepting comments on proposed regulations for licensing abortion clinics. No one spoke in favor of the new rules; instead, all the comments were in opposition.
Governor Bobby Jindal says his budget cut proposal for next year will be presented to lawmakers with a list of "options."
The state faces a $1.6 billion shortfall for the upcoming fiscal year. The Jindal administration is considering state financing cuts up to $400 million for public colleges, and $300 million to health care services.
Jindal's budget proposal is due to lawmakers at the end of next month.
Jindal says his budget proposal will be paired with "suggested solutions" that could reduce some cuts, but would require legislative approval.
Originally published on Wed January 28, 2015 8:36 am
The $1.6-billion state budget deficit is going to be a major factor in the in the gubernatorial election this fall. All four announced candidates for governor appeared at a forum earlier this month, and offered their ideas on how to deal with the shortfall.
Originally published on Tue January 27, 2015 8:52 am
Skies may actually be clear over Baton Rouge today, but gloom hangs over the state capitol, as the Revenue Estimating Conference downgraded Louisiana’s income forecasts Monday. That means there’s a $103-million shortfall for the current fiscal year. And the deficit for the next budget year, which starts July 1, has ballooned to $1.6-billion.
A state panel that determines how much revenue the Louisiana government has at its disposal delivered the bad news on Monday that everyone knew was coming: the budget hole is even bigger than estimated.
NOLA.com reports that dropping oil prices continue to make an already bad budget situation in Louisiana even worse.
Greg Albrecht is the chief economist for the Louisiana Legislature. He said today, “The news is bad.”
Originally published on Mon January 26, 2015 12:37 pm
Rather than attending the Washington, D.C. Mardi Gras festivities, or Iowa’s Freedom Summit for GOP presidential hopefuls, Governor Bobby Jindal courted a base for a possible 2016 presidential run, keynoting both the Louisiana Right to Life March and his own “The Response” prayer rally. The two events were held concurrently on the campus of LSU.