Gov. Bobby Jindal describes budget strategy avoiding layoffs, use of rainy-day fund
Gov. Bobby Jindal proposed Friday using a mix of spending cuts, federal stimulus dollars and one-time money from various state funds to bring Louisiana's teetering budget back into balance.
The governor's plan, which came two days after the state got official notice of a revenue shortfall, would spare state agencies and public colleges from furloughs or layoffs while protecting health care providers in Medicaid from rate reductions.
The state's Budget Stabilization Fund, or rainy-day fund, also would remain untouched in Jindal's plan, which will be debated by the House and Senate in the weeks ahead.
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