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Story Archives: Legislators assess state budget cuts
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Legislators assess state budget cuts
Louisiana will take in almost $200 million less than expected in the 2011-2012 fiscal year, according to figures released last week by the Revenue Estimating Conference.
According to state officials, the state will end the fiscal year $197.3 million in the red on June 30, 2012. That means lawmakers in Baton Rouge will have to work with Gov. Bobby Jindal's office to come up with mid-year budget cuts to offset the shortfall.
State Sen. Bob Kostelka blamed the lost revenue on uncertainties surrounding the national economy.
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