Post by pavel on Mar 17, 2016 22:45:12 GMT -6
For Louisiana higher education, health care; bigger-than-expected budget deficit means deeper cuts
Despite the Louisiana Legislature approving several tax hikes during a recent special session, the state remains about $70 million short for its budget that ends June 30.
The remaining deficit means higher education and health care again find themselves faced with the threat of cuts with just three months left in the current budget cycle.
More specific details about where the cuts will fall likely won’t be revealed until next week.
Gov. John Bel Edwards’ administration says it is still reviewing the potential impact on state services.
The remaining deficit is about three times worse than officials expected last week when lawmakers ended a 25-day special session dedicated to solving the state’s latest budget crisis.
Read more: theadvocate.com/news/15210131-123/after-tax-hikes-state-budget-shortfall-projected-at-70m-this-year-750m-next-year
Despite the Louisiana Legislature approving several tax hikes during a recent special session, the state remains about $70 million short for its budget that ends June 30.
The remaining deficit means higher education and health care again find themselves faced with the threat of cuts with just three months left in the current budget cycle.
More specific details about where the cuts will fall likely won’t be revealed until next week.
Gov. John Bel Edwards’ administration says it is still reviewing the potential impact on state services.
The remaining deficit is about three times worse than officials expected last week when lawmakers ended a 25-day special session dedicated to solving the state’s latest budget crisis.
Read more: theadvocate.com/news/15210131-123/after-tax-hikes-state-budget-shortfall-projected-at-70m-this-year-750m-next-year