Gov. Edwards releases statement about $313M budget shortfall - FOX 8 WVUE New Orleans News, Weather, Sports, Social

Gov. Edwards releases statement about $313M budget shortfall

(Source: Gov. John Bel Edwards' website) (Source: Gov. John Bel Edwards' website)
BATON ROUGE, LA (WAFB) -

On the eve of a budget stabilization meeting, Gov. John Bel Edwards released a statement regarding the $313 million deficit in the 2016 budget. 

Stabilizing Louisiana’s budget is my top priority, but we are still recovering from years of mismanagement. Unfortunately, our options are limited, and given the ongoing financial crisis of our state, nothing is painless anymore. However, we knew this shortfall existed and worked with state agencies to prepare for it without causing unnecessary harm. 

Our work in the 2017 legislative session will be more important than ever as we find ways to reform our state’s broken tax code so that we can make critical investments in higher education, TOPS and the future of our state. This isn’t the last of our budget challenges, and cuts for the current fiscal year will also be necessary and painful, but if we can work together in the regular session, Louisiana will be in a strong financial position for the future.

Gov. John Bel Edwards released the following statement on the budget shortfall for the fiscal year that ended on June 30, 2016 (FY 16). The Revenue Estimating Conference announced that the FY 16 shortfall was approximately $313 million.

Lawmakers have only 45 days to resolve the budget issue, according to state law. A Joint Legislative Committee on the Budget will hold a hearing on Friday, Nov. 18 to address the issue. 

"On Tuesday, Nov. 8, Gov. Edwards met with House and Senate leaders to discuss the options for closing the budget shortfall," states a press release issued by the Governor's office. "In June, Gov. Edwards discussed the shortfall that would need to be addressed this fall. The shortfall is for the previous fiscal year that ended on June 30."

Copyright 2016 WAFB. All rights reserved.

  • Gov. Edwards releases statement about $313M budget shortfallMore>>

  • Louisiana Budget Crisis

    Louisiana Budget Crisis

    Louisiana is facing budget shortfall of more than $900 million for the fiscal year ending June 30 and a $2 billion deficit for the fiscal year after, prompting newly sworn-in Gov. John Bel Edwards to call for a special session of the legislature to address the issue. 

    more>>

    Louisiana is facing budget shortfall of more than $900 million for the fiscal year ending June 30 and a $2 billion deficit for the fiscal year after, prompting newly sworn-in Gov. John Bel Edwards to call for a special session of the legislature to address the issue. Click here for special coverage.

    more>>
  • Local NewsMore>>

  • Saints hold touchdown advantage over the Jets at half

    Saints hold touchdown advantage over the Jets at half

    Mark Ingram jumped into the stands after his 1-yard TD run. Source: Mark LaGrangeMark Ingram jumped into the stands after his 1-yard TD run. Source: Mark LaGrange
    Sean Payton's squad appears to be getting over their loss to the Falcons quickly, no hangover on this day. The Saints lead the Jets at half, 17-10. The Saints hit the end zone first in the contest with a 1-yard touchdown run by Mark Ingram. His stroll to paydirt gave the Black and Gold a 10-0 advantage. Not to be outdone by his running mate, Alvin Kamara scored on a 10-yard touchdown reception, extending the Saints lead to 17-7. The Jets only touchdown of the first half came on a B...more>>
    Sean Payton's squad appears to be getting over their loss to the Falcons quickly, no hangover on this day. The Saints lead the Jets at half, 17-10. The Saints hit the end zone first in the contest with a 1-yard touchdown run by Mark Ingram. His stroll to paydirt gave the Black and Gold a 10-0 advantage. Not to be outdone by his running mate, Alvin Kamara scored on a 10-yard touchdown reception, extending the Saints lead to 17-7. The Jets only touchdown of the first half came on a B...more>>
  • House fire in Metairie leaves a woman dead

    House fire in Metairie leaves a woman dead

    Source: Nola.comSource: Nola.com

    The Jefferson Parish Sheriff’s Office says an early morning fire in Metairie has left a woman dead. 

    more>>

    The Jefferson Parish Sheriff’s Office says an early morning fire in Metairie has left a woman dead. 

    more>>
  • WR Ted Ginn among inactives for Saints-Jets

    WR Ted Ginn among inactives for Saints-Jets

    Ted Ginn is out with a rib injury. (Source: Garland Gillen, FOX 8).Ted Ginn is out with a rib injury. (Source: Garland Gillen, FOX 8).
    Saints wide receiver Ted Ginn, Jr. (rib) is among the inactives for the Saints-Jets matchup today in the Dome. Offensive lineman Andrus peat is active for the contest today. Other inactives for the Black and Gold: Jonathan Williams, A.J. Klein, Cameron Tom, Austin Carr, Trey Hendrickson, Jonathan Freeny. The Saints are 16-point favorites over the Jets. Copyright 2017 WVUE. All rights reserved.more>>
    Saints wide receiver Ted Ginn, Jr. (rib) is among the inactives for the Saints-Jets matchup today in the Dome. Offensive lineman Andrus peat is active for the contest today. Other inactives for the Black and Gold: Jonathan Williams, A.J. Klein, Cameron Tom, Austin Carr, Trey Hendrickson, Jonathan Freeny. The Saints are 16-point favorites over the Jets. Copyright 2017 WVUE. All rights reserved.more>>
Powered by Frankly