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.
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.
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.
BATON ROUGE, La. — A bloc of conservative Republicans in the House couldn't stall a budget bill that taps into one-time dollars to help piece together spending plans year after year.
The House voted 63-38 Thursday to send the bill to the Senate, raising questions about whether the coalition was fracturing and would be unable to hold together in negotiating a final version of next year's $25 billion operating budget with the Senate.