Gov. John Bel Edwards’ plan to patch the mid-year budget shortfall leans heavily on tapping the state’s Budget Stabilization Fund, commonly known as the rainy-day fund.
An education adviser to Gov. John Bel Edwards provided insight into one way the governor will look to achieve balance in his Executive Budget to be released next month: a funding freeze for the state’s K-12 schools.
As Louisiana edges closer to a February special session, House Republicans appear to be divided on the need to tap the state’s rainy-day fund to help mitigate a $304 million midyear budget gap.