Not much progress made solving the state’s budget woes with only two weeks left in legislative session
Posted on 5/25/2017 6:59:00 AM.

With only two weeks left in the legislative session, lawmakers are not close to agreeing on a budget for next fiscal year and addressing the loss of over a billion dollars in temporary taxes that are set to expire in July 2018. That’s according to Jeremy Alford of LaPolitics.com.
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legislative session, budget deficit, Jeremy Alford, LaPolitics.com

Special session ends with lawmakers tapping $99M from rainy day fund
Posted on 2/22/2017 6:47:00 PM.

After 10 days of what became some heated debates, the special session ended with lawmakers agreeing to use $99 million from the rainy day fund to address a $304 million midyear deficit. Governor John Bel Edwards originally asked legislators to use $119 million from the state's savings account to minimize cuts to state agencies. 
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John Bel Edwards, special session, rainy day fund, budget deficit

Uncertainty surrounds final day of special session
Posted on 2/22/2017 4:39:00 AM.

It’s the final day of the special session, and the major sticking point is how much of the rainy day fund to tap to resolve a $304 million midyear deficit. Governor Edwards and the Senate proposes using $99 million from the state’s savings account, but LaPolitics.com publisher Jeremy Alford says House Republicans want the Senate to pass a bill that frees up statutory dedications in future budgets.
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Jeremy Alford, special session, budget deficit, rainy day fund

Lawmakers close to reaching compromise to resolve budget shortfall
Posted on 2/21/2017 10:46:00 AM.

In the final two days of the special session, lawmakers are close to reaching a compromise on how many rainy day dollars to use versus what cuts to make to resolve a $304 million midyear deficit. The Senate approved a plan that would tap $99 million from the state’s savings account. Senate President John Alario says it’s a fair compromise that would protect vital services from deep cuts.
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John Alario, Taylor Barras, special session, rainy day fund, budget deficit

Democratic Senator from Shreveport opposes using Rainy Day dollars
Posted on 1/31/2017 12:06:00 PM.

Several Republicans in the state legislature have voiced opposition into using money from the Rainy Day Fund to solve a $304 million budget deficit, but there is at least one Democrat who also opposed it. Shreveport Senator Greg Tarver told News Radio 7-10 KEEL that there are other days to eliminate the shortfall without tapping into this fund.
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Rainy Day Fund, budget deficit, Greg Tarver, special session

Lawmakers suggest different approaches to closing budget gap
Posted on 1/24/2017 10:51:00 AM.

The Edwards administration will unveil a proposal on Friday on how to close a $304 million budget deficit for this fiscal year. Lawmakers are split on whether or not to tap into the state’s rainy day fund to close the gap. Lake Charles Representative Mark Abraham sits on the Appropriations Committee and says he’s still not sure if that’s the way to go.
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Mark Abraham, Jim Morris, budget deficit, special session

Alexandria Rep Harris proposes plan to close budget gaps without special session
Posted on 1/19/2017 6:10:00 PM.

Republican State Representative Lance Harris of Alexandria has proposed a plan to cut the state’s budget without calling another special session, but the tentative plan is already getting pushback from Democrats. Harris’ plan does not call for cuts to public colleges, but it would levy a $147 million cut to the state Department of Health.
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Lance Harris, Gene Reynolds, budget deficit, special session

Higher education officials urge lawmakers to tap into Rainy Day Fund to offset budget deficit
Posted on 1/19/2017 3:22:00 AM.

Commissioner of Administration Jay Dardenne says the budget deficit for fiscal year 2017 is $304 million , so how will this shortfall impact higher education? Higher Ed Commissioner Joe Rallo says there has been talk of using the state’s Rainy Day Fund to offset some of the deficit. But Rallo says if lawmakers decide against, it could be detrimental to higher education.
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budget deficit, Joe Rallo, Higher Education, Rainy Day Fund

Debate brewing over whether to tap into Rainy Day Fund
Posted on 1/17/2017 12:51:00 PM.

Several Republican in the state House say it would be a bad idea to use the Rainy Day Fund to reduce the state’s $313 million mid-year budget deficit. Alexandria Representative Lance Harris, who chairs the House Republican Delegation, says the state has to stop dipping into the Rainy Day Fund every time it has budget troubles.
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Rainy Day Fund, budget deficit, Lance Harris, Jay Dardenne

State looking at a $313 million dollar budget deficit that could grow even more
Posted on 10/28/2016 1:14:00 PM.

The state is looking at another round of budget cuts because the state finished last fiscal year with a $313 million deficit. UL-Lafayette Political Science Professor Pearson Cross says a few factors are leading to Louisiana continuously facing these budget problems.
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Pearson Cross, budget deficit, Jay Dardenne, cuts

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