BATON ROUGE — The Louisiana House will take up a proposal to use $205 million from the state's "rainy day" fund to offset a deficit in this year's budget. The House Appropriations Committee voted yesterday to tap into the Budget Stabilization Fund. The move is overwhelmingly backed by the Senate. A bloc of conservative House Republicans voted against using the money.
BATON ROUGE — Looking to fill a deficit of more than $200 million in this year's budget, the Louisiana Senate has agreed to tap into the state's "rainy day" fund. Senators voted yesterday for the proposal by Sen. Jack Donahue, Republican chairman of the Senate Finance Committee. It would allow lawmakers to take nearly $205 million from the fund.
BATON ROUGE, La. (AP) — An attempt to tap into Louisiana's "rainy day" fund to fill a $200 million deficit this year is mired in negotiations. Members of a bloc of conservative House Republicans say they won't support using the rainy day fund to fill the gap in the current year budget, unless the Senate goes along with limitations on the use of one-time money in next year's spending plans.
BATON ROUGE, La. (AP) — The House budget-writing committee is unveiling its plans Tuesday for filling a $211 million deficit this year, after working behind the scenes with the governor's office on ideas for plugging the gap.
The Appropriations Committee also is expected to rework next year's $25 billion budget proposal to account for a more than $300 million drop in projected state revenue in the new year that begins July 1.