About $88 million expected for this year’s state budget hasn’t been received yet by the treasurer’s office for spending, lawmakers were told today. Members of the joint House and Senate budget committee have expressed concerns the state will have another shortfall before the fiscal year ends June 30 and sought an update on where things stand. The lacking funds are to come from property sales, FEMA reimbursements, legal settlements and fund transfers anticipated by Gov. Bobby Jindal’s administration and plugged into ongoing services, such as health care programs. Barry Dusse, director of the governor’s Office of Planning and Budget, says the Jindal administration expects all of the lacking $88 million to materialize in the state treasury before year’s end. The figure has dropped from a month earlier, when a Legislative Fiscal Office analysis pegged the gap at more than $278 million. If all the anticipated dollars don’t show up, lawmakers could be scrambling to plug another budget gap in the current 2012-13 fiscal year when they return for their legislative session in April. The Associated Press has more details in the full story here.
State budget gap remains for current year
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