midyear deficit Archives - Louisiana Budget Project

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 15, 2017

Still searching for solution to mid-year shortfall

Gov. John Bel Edwards and House Republicans remain at loggerheads over how to close the $304 million mid-year shortfall. The lower-chamber GOP leaders want to use less of the state’s Budget Stabilization Fund, while the governor contends that using the maximum allowable allotment will limit the pain of cuts.… Read more...