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Terrebonne Parish schools let out for the summer this week and for some students and teachers, that could be the last time on their current campuses.
more>> Terrebonne Parish schools let out for the summer this week and for some students and teachers, that could be the last time on their current campuses. more>> Representatives for the St. Tammany Parish coroner and the legislative auditor's office announced the coroner will release tens of thousand emails by the end of the week.
more>> Representatives for the St. Tammany Parish coroner and the legislative auditor's office announced the coroner will release tens of thousand emails by the end of the week.
more>> Louisiana had a few winners with something to celebrate after Saturday's drawing.more>> Louisiana had a few winners with something to celebrate after Saturday's drawing.more>> Locals continue to help victims of Hurricane Sandy deal with the painstakingly slow recovery process.more>> Locals continue to help victims of Hurricane Sandy deal with the painstakingly slow recovery process.more>> Some American Red Cross workers in Louisiana will head to Oklahoma and others are on standby as that state recovers from a series of powerful tornadoes.more>> Some American Red Cross workers in Louisiana will head to Oklahoma and others are on standby as that state recovers from a series of powerful tornadoes.more>> State senators rejected a proposal on Monday for Louisiana to offer government-subsidized health insurance to the working poor through the federal health overhaul law known as the Affordable Care Act.more>> State senators rejected a proposal on Monday for Louisiana to offer government-subsidized health insurance to the working poor through the federal health overhaul law known as the Affordable Care Act.more>> A federal judge has dismissed one of the two counts in the indictment of a former BP executive.more>> A federal judge has dismissed one of the two counts in the indictment of a former BP executive.more>> Support from lawmakers comes despite concerns the constitutional amendments would further limit budget areas available to cut when Louisiana has financial woes - and leave colleges more vulnerable to slashing.
more>> Support from lawmakers comes despite concerns the constitutional amendments would further limit budget areas available to cut when Louisiana has financial woes - and leave colleges more vulnerable to slashing.
more>> Authorities have revoked the explosives licenses of a company accused of improperly storing millions of pounds of a military propellant that was blamed for the evacuation of a Louisiana town last year.more>> Authorities have revoked the explosives licenses of a company accused of improperly storing millions of pounds of a military propellant that was blamed for the evacuation of a Louisiana town last year.more>> Officials in Hancock County are seeking a state wetlands permit to clean out an oxbow of Rotten Bayou.more>> Officials in Hancock County are seeking a state wetlands permit to clean out an oxbow of Rotten Bayou.more>>
BATON ROUGE, La. (AP) - The state's pool of money to pay for ongoing construction projects is running dry, and Louisiana is teetering so close to its debt ceiling that there's little room to borrow more money to replenish the fund.
State senators heard the troubling news of a new state money problem Thursday, in a briefing about the current state finances by Sherry Phillips-Hymel, the chamber's chief budget analyst.
Whit Kling is executive director of the State Bond Commission that oversees construction borrowing. He says without a new infusion of cash, the state will run out of money to pay for its construction projects in about four months.
Among the options available, lawmakers could try to exclude certain types of debt from the calculation of the cap or vote to breach the ceiling.
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