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Louisiana state budget (2008-2009)

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Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances.


State Information


Louisiana faced a $1.2 billion deficit for fiscal year 2009. Gov. Bobby Jindal announced on December 11, 2008, that a review of government functions was necessary "to eliminate inefficiencies and reduce spending in a strategic way that will help our state in handling the effects of this national economic downturn.”[1]

In February 2009 the Louisiana Workforce Commission reported that although the national unemployment rate increased to 7.6 percent, Louisiana's stood at 5.9 percent. "Our economy doesn't mirror the rest of the nation," said Curt Eysink, spokesman for the Louisiana Workforce Commission. "But we're certainly not immune."[2]


Budget background

See also: Louisiana state budget and finances

The Louisiana state budget is prepared every year by October 1 and includes a detailed financial plan for the fiscal year. Prior to the adoption of the budget, a series of public hearings are held in both the House Appropriations Committee and the Senate Finance Committee. A majority vote is required to pass the state budget.

The Louisiana fiscal year begins in July.[3]

The 2009 fiscal year budget was presented to the legislature on March 13 and, because of the $1.2 billion shortfall, the presentation included an extensive review of all state expenditures.[4]

Budget figures

Fiscal year Gap Percentage of current general fund
2008-2009 $341 million[5] 3.7%[6]
2009-2010 $2.0 billion[7] 21.7%[8]

Legislation

  • Louisiana Senate Bill 37 (2008) was passed in February 2008. The legislation would mandate the Commissioner of Administration to post a monthly report of the appropriations and spending for each budget unit of state government.
  • Louisiana Executive Order BJ 2008-2[9]

See also


Footnotes

  1. ↑ Office of the Governor, "Governor Jindal discusses Louisiana's economy and budget," December 11, 2008
  2. ↑ The News-Star, "La. had healthy unemployment fund at $1.4B,"February 10,2009
  3. ↑ The State of Louisiana, "State Budget Document," accessed February 17,2009
  4. ↑ Louisiana Division of Administration, "Commissioner Davis statement on upcoming budget cost-saving measures,"January 26,2009
  5. ↑ Center on Budget and Policy Priorities, "STATE BUDGET TROUBLES WORSEN," accessed February 18,2009
  6. ↑ Center on Budget and Policy Priorities, "STATE BUDGET TROUBLES WORSEN," accessed February 18,2009
  7. ↑ Center on Budget and Policy Priorities, "STATE BUDGET TROUBLES WORSEN," accessed February 18,2009
  8. ↑ Center on Budget and Policy Priorities, "STATE BUDGET TROUBLES WORSEN," accessed February 18,2009
  9. ↑ Louisiana Executive Order BJ 2008-2
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