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Story Archives: Why Jindal's budget will prevail
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Why Jindal's budget will prevail
All of the horse jockeying about budget cuts and efforts to generate revenues in light of a $1.6 billion revenue shortfall that the state faces heading into the 2011-2012 fiscal year is simply that -- it's jockeying on behalf of state legislators, bureaucrats and the governor.
They're doing it to make their case for the proper course of action the state should take to balance its books in the new fiscal year.
Though the Legislature approved a roughly $26 billion budget for the current fiscal year, which ends June, 30, 2011, only $7 billion -- give or take a few hundred million -- involved general fund revenues. The remaining $19 billion concerned constitutionally dedicated expenditures and monies the federal government gave Louisiana to provide services for its citizens. In other words, hands off the $19 billion because it's untouchable.
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