rainy day fund

Louisiana Rainy Day Fund
11:25 am
Fri June 1, 2012

Rainy Day Fund Legislation Advances in La. House

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. 

Louisiana Rainy Day Fund
9:28 am
Wed May 30, 2012

Senate Agrees To Use Louisiana's Rainy Day Fund

BATON ROUGE — Looking to fill a deficit of more than $200 million in this year's budget, the Louisiana Senate has agreed to tap into the state's "rainy day" 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. 

Louisiana Budget
11:23 am
Thu May 24, 2012

Rainy Day Fund Part of Ongoing Budget Negotiations

BATON ROUGE, La. (AP) — An attempt to tap into Louisiana's "rainy day" fund to fill a $200 million deficit this year is mired in negotiations. Members of a bloc of conservative House Republicans say they won'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's spending plans.

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.

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