BATON ROUGE, La. (AP) — Louisiana State senators getting their first in-depth look at Gov. Bobby Jindal's budget proposal Tuesday questioned some of the assumptions the administration made to make the numbers work.
More than $1 billion of Jindal's $25.5 billion spending proposal for the upcoming fiscal year that begins July 1 is tied to passage of state legislation, approval by federal officials, sale of state property or other assumptions.
The budget would have a $120 million state general fund hole if lawmakers don't approve a series of pension changes Jindal wants, for example, and it would grow with the loss of federal matching dollars.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.