(AP) — Louisiana’s budget picture has worsened for next year. The state’s revenue forecasting panel decreased income projections for the upcoming 2009-10 budget year, saying the state will bring in $103 million less than was expected. That means the state now is projected to have $1.3 billion less in state general fund revenue in the new budget year that begins July 1. The four-member Revenue Estimating Conference made the adjustment Wednesday. The panel also formally recognized a $866 million surplus from last year.
Revenue panel increases shortfall projection
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February 18, 2009