BATON ROUGE, La. (AP) Louisiana state lawmakers got their first glimpse Thursday of next year's budget gap that they'll have to close, and it's another hefty shortfall: $1.2billion.
The grim news, delivered to the joint legislative budget committee, barely raised eyebrows at the committee hearing, after more than six years of such disappointing financialforecasts.
The shortfall is projected for the 2015-16 fiscal year that begins July 1. Gov. Bobby Jindal and lawmakers will decide in next year's legislative session how to address thehole.