Contact Us

Special Session Ends – Deficit Still Looms

Louisiana-State-Capitol-
Chris Graythen/Getty Images

By 6 PM Wednesday night it was hoped that our state’s budget would be balanced. There no longer be a deficit. There would no longer be a huge shortfall between the money we need and the money we have. That did not happen.6 PM came and went. 6 PM came and went.The special session with the Louisiana Legislature is over. The budget deficit, though not as large, is still there.

What once was a $940 million deficit is now just $30 million. But that is only for the remainder of this fiscal year. When the new fiscal year begins the state will again be in the hole to the tune of $800 million. Even next year’s budget deficit figure looks better compared to the $2-billion deficit that was being speculated. There was some progress in the special session. Just not enough progress.

There were last minute attempts to close the budget gap. The state sales tax was increased by one cent as forecast. It appears as though there are enough revenue generating measures and spending cuts now in place that should stave off larger cuts in higher education and health care services. Still it’s not enough.

It’s not a great day for the state of Louisiana.

The words of Governor John Bel Edwards as reported by the Louisiana Radio Network. Edwards was asked his feelings shortly after the special session came to an end. Immediately questions were swirling about the possibility of another special session to deal with next fiscal year’s budget crisis. Edwards didn’t rule that option out but he did suggest that this session was the time to get the job done.

There won’t be any options on the table for people to consider that will be anymore appetizing than those that we just went through and put before them.

If there is another special session called it will likely be set for the middle of June. You can bet higher taxes will again be on the agenda as lawmakers struggle with the reality of life and the detriment to their political life.  Meanwhile the citizens of Louisiana are left wondering about the future of their children and their state.

Small Business Owners React To State's Political Turmoil

 

Best of 710 KEEL

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://710keel.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KEEL VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KEEL VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.