mid-year deficit

March 15, 2018

The midyear deficit that wasn’t

Cowed by years of lower-than-expected tax collections for state government, Gov. John Bel Edwards asked state agencies to set aside $60 million last year in case another mid-year shortfall materialized. But this year’s budget is actually running a surplus, so Edwards is allowing agencies to spend the money.

Number of the Day

$4.3 billion - Amount of money in state general fund dollars for the coming year that are dictated by the state Constitution and other laws. (Source: The Advocate)
February 22, 2017

Deal or no deal?

As the clock ticks down on the special legislative session, lawmakers in the House and Senate have a tentative agreement.
February 21, 2017

Budget deal takes shape

Most of the action at the Capitol on Monday occurred behind the scenes, and by the time the day ended, it appeared as though a deal was in place between House and Senate leaders to plug the $304 million mid-year deficit.
February 20, 2017

Special Session: House-Senate brinksmanship

The Legislature has until midnight on Wednesday to find agreement on closing a $304 million mid-year budget gap.