Friday, April 16, 2010

More bad budget news – $319 million deficit announced

Louisiana is reeling from the latest bit of bad budget news: on Wednesday, the state’s Revenue Estimating Conference announced that the state faces a $319 million deficit which must be corrected in the next 10 weeks.

In a press conference Friday morning, Gov. Bobby Jindal said that he hopes to avoid further cuts to higher education, which has borne the brunt of budget cuts thus far this year, and added that he hopes to avoid layoffs of furloughs of state workers.

The governor did not outline specific measures, but told reporters that he may free up money that has accumulated in various funds around the state.

Advocate reporter Michelle Millhollon has the story here.

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