Fifth Straight Year of Jindal Budget Deficits

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Dec 16, 2012 No Comments ›› atuozzolo

For a perfect five out of five record, the Jindal Administration’s rosy budgeting and revenue forecasts fell short at the mid-year pointnecessitating additional cuts to critical State services, mostly higher education and health care. These cuts will come on top of the cuts that the Administration directed during the legislative budgeting session. Notably, they also come on top of the administration’s rejection of additional Medicaid dollars and the failure to fight Congressional Republicans from removing millions of health care payments to Louisiana through a health care formula recalculation last summer.

One might almost suggest a pattern is emerging, in that the Jindal Administration presents a budget that artificially maintains services to garner public acquiescence, only to crash back down to reality at the mid-year point when their forecasts invariably fail to come true. For the record, here are the mid-year budget shortfalls under Gov. Bobby Jindal:

  • 2012 – 2013: $129.2 million
  • 2011 – 2012: $198 million
  • 2010 – 2011: $106.7 million
  • 2009 – 2010: $247.9 million
  • 2008 – 2009: $341 million

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