Jindal administration announces plan to cut mid-year deficit - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

Jindal administration announces plan to cut mid-year deficit

Louisiana State Capitol (Source: WAFB) Louisiana State Capitol (Source: WAFB)
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  • Revenue Estimating Conference attempts to balance $1.4 billion shortfall in next year's budget

    Revenue Estimating Conference attempts to balance $1.4 billion shortfall in next year's budget

    Monday, January 26 2015 8:32 PM EST2015-01-27 01:32:11 GMT
    Monday, January 26 2015 10:31 PM EST2015-01-27 03:31:40 GMT
    A heated start to Monday's Revenue Estimating Conference."Now, you can try and put lipstick on the pig but it's still a pig," said State Treasurer John Kennedy."I don't have any desire to argue with you. You came to the table clearly to point fingers," said Kristy Nichols, with the Department of Administration.Before they could get around to this year's bad news, Nichols and Kennedy argued with each other on last year's surplus, which Kennedy called a deficit because the state spent more mone...More >>
    A heated start to Monday's Revenue Estimating Conference."Now, you can try and put lipstick on the pig but it's still a pig," said State Treasurer John Kennedy."I don't have any desire to argue with you. You came to the table clearly to point fingers," said Kristy Nichols, with the Department of Administration.Before they could get around to this year's bad news, Nichols and Kennedy argued with each other on last year's surplus, which Kennedy called a deficit because the state spent more mone...More >>
BATON ROUGE, LA (WAFB) -

The Jindal administration released a plan to Louisiana legislators Friday to cut the $103.5 million mid-year deficit, while protecting higher education and critical services.

It includes reductions to state agency budgets, travel savings, operating services savings, strategic program reductions and continued efficiencies.

"The decline in oil prices means putting everything on the table and making tough decisions about our spending in order to have a balanced budget," said Kristy Nichols, commissioner of administration. "We will continue to make reductions to ensure we are not spending more than we take in. This plan includes strategic reductions that not only balance the current year budget, but put us in a position to create continued savings next year."

The plan will be presented to the Joint Legislative Committee on the Budget on February 20.

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