News - State
Jindal Not Expected to Take Long to Cut $107 Million Deficit
Posted: Oct 22, 2010 11:28 AM by AP
Updated: Oct 22, 2010 11:46 AM
BATON ROUGE, La. (AP) - Lawmakers have formally recognized the state's $107 million deficit, starting a 30-day clock on when Gov. Bobby Jindal must make cuts to rebalance the budget.
Jindal isn't expected to take that long, because his budget office has already given state agencies the dollar figures they must slash from their spending.
A formal executive order is expected within days - as early as Friday - after the Joint Legislative Committee on the Budget accepted the latest budget figures Friday.
Higher education is expecting to take one-third of the cuts, about $35 million.
The deficit is from the 2009-10 budget year that ended in June. The state isn't allowed to deficit-spend, so the Jindal administration must rebalance this year's $25.5 billion budget to account for last year's problem.
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