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Louisiana budget deficit to hit $313 million -- bigger than previously thought, meaning more cuts

Source: nola.com - Oct 28, 2016

Louisiana's midyear budget deficit is estimated to be around $313 million, larger than originally expected and likely to produce more budget cuts than originally thought to already-stretched state services such as higher education and health care.

Louisiana budget chief Jay Dardenne is expected to formally announce the deficit estimate Friday (Oct. 28) at a legislative budget meeting. For several months, Dardenne and Gov. John Bel Edwards have been warning of a deficit of around $200 million to $300 million, though they have never used a figure as high as $313 million.

"It could have a bearing on everything," Dardenne said in an interview Thursday (Oct. 27). "Every area of the budget could be impacted."

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Category: General Business