BATON ROUGE, LA (WAFB) - With the state facing a $750 million budget shortfall for the current fiscal year, LSU's Board of Supervisors is concerned with how the situation will be fixed since it directly affects LSU.
On Wednesday, members heard Commissioner of Administration Jay Dardenne describe a run on business tax credits.
"In November's Revenue Estimating Conference meeting, corporate income taxes were down $328 million. Year to date, corporate income tax is a negative $200 million," Dardenne said.
Dardenne said that corporations are getting so many tax credits that it is more than they owe in taxes. That is how the state is going in the hole, in negative corporate revenues.
Dardenne also explained to the board where healthcare might have to be cut.
"All optional services are discontinued, which would mean no hospice, no dialysis, no funds for the developmentally disabled waiver that provide assistance to those in need," Dardenne. "These are very, very real dollars very real cuts that are gonna have to be made in a relatively short period of time."
Dardenne said DHH is also looking at reducing its payments to the hospitals that took over healthcare for the poor when the Jindal administration shut down the charity hospitals.
A special session to balance the budget begins February 14.