midyear shortall

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)