State officials estimating Louisiana ended latest fiscal year in the red

Gov. Bobby Jindal’s administration is quietly notifying legislative leaders that Louisiana closed the books on the last budget year with a deficit, but the administration isn’t saying publicly how deep the problem is.

The announcement of the deficit’s size is expected in mid-October, when details are due to the Legislature’s joint budget committee.

State Treasurer John Kennedy estimates the gap exceeds $100 million.

House Speaker Chuck Kleckley and House Appropriations Committee Chairman Jim Fannin said Wednesday they’ve been told by administration officials that the state ended the 2014-15 fiscal year on June 30 in the red.

Read more: http://theadvocate.com/news/13526764-98/louisiana-ended-most-recent-budget