News -> INDReporter FRI, NOV 16 1:25PM by Melinda Deslatte, Associated Press

Gulp: Next year's budget gap pegged at $963 million

 

BATON ROUGE, La. (AP) — The first snapshot of next year's state budget shortfall has been unveiled to lawmakers, and it's grim.

Gov. Bobby Jindal's budget advisers said Friday the state is short $963 million to continue running all existing programs and account for inflationary growth in the budget year that begins July 1.

Barry Dusse, director of the Office of Planning and Budget, says more than one-third of the gap, about $355 million, is tied to a drop in federal Medicaid financing that also created a deficit this year.

Another slice of the shortfall, at least $164 million, includes inflation costs, merit raises for state employees and other items that lawmakers haven't necessarily funded in recent years.

More than $250 million involves the loss of one-time dollars that paid for continuing programs.


Walter Pierce
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Comments (2)add
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written by Michael A. Moss , November 16, 2012 - 03:48 pm
So, who is at fault for this? Me or the guy behind the tree?
...
written by Greg Foreman , November 17, 2012 - 10:02 am
What a surprise? We can't expect any better of a governor that refuses to raise much needed revenue, who finds it easier to terminate employees, cut governmental services in an effort of posturing his political ambitions. The revenue necessary to run Louisiana exist. Bobby Jindal and his "lap dogs" have refused to support assessment of such revenue. Jindal is(among other things) a "revenue rightist". Louisiana is suffering because of Jindal's refusal support revenue generating features that could/would raise the state out of the pathetic financial situation he has put us in.
Where is Edwin Edwards when we need him.
Regards
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