Boost in Louisiana budget projection means ‘fiscal cliff’ still there — but not quite as steep

Louisiana has a little bit more money to spend on health care, higher education, mental health services and other priorities in the coming year, but the latest revenue projection revealed Thursday still leaves the state with a looming fiscal cliff.

The Revenue Estimating Conference, a four-member panel that – based on input from the state’s economists – decides how much money the state can spend in its budget, bumped up its expectations for the budget that begins July 1 by about $346 million.

That leaves the state with about a $648 million gap remaining…

 

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