State Budget 2.0

State Budget 2.0
Louisiana Politics

POSTED: Wednesday, June 15, 2011 - 5:02pm

UPDATED: Friday, October 14, 2011 - 10:36am

The most recent version of the state’s budget made it out of the Senate Finance Committee Wednesday, minus many of the cuts that stalled the House version.

The $25 billion budget reverses most of the $200 million in cuts that the House added to Governor Jindal’s already slashed spending. Senators agreed the cuts to Healthcare, higher education and the Department of Education were too deep.

They also added back some one-time funds to help fill the $1.6 billion budget gap. The new version limits use of one-time funds to one-time expenses, rather than recurring expenses, as in the original bill.

Commissioner of Administration, Paul Rainwater points to the dwindling size of state government as the administration’s biggest achievement, saying, “We've reduced the number of positions in state government by 12 percent; we continue to reduce the use of one-time money in the budget. Last year it was $1 billion, the year before that it was 800 million. Now we are down to $417 million dollars and so we will keep doing that.”

The new version of HB1 now goes to the Senate Floor.

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