![Jindal Proposes Cuts, Patchwork Financing To Close Deficit](http://townsquare.media/site/36/files/2015/06/Bobby-Jindal-youtube-e1449949990236.jpg?w=980&q=75)
Jindal Proposes Cuts, Patchwork Financing To Close Deficit
BATON ROUGE, La. (AP) — Gov. Bobby Jindal proposes to cut $150 million across agencies, tap into the state "rainy day" fund and use piecemeal financing to close a $487 million budget deficit.
Public colleges will be shielded from cuts. The state health department, however, will have to shrink its state spending by $130 million.
Jindal's top budget adviser Stafford Palmieri unveiled the broad overview Wednesday of the plan to rebalance the $25 billion budget. Lawmakers — who have to approve parts of the proposal before they can take effect — will consider the recommendations Friday.
Most of the deficit emerged when Louisiana's income forecasting panel downgraded its projections for the current budget year, to account for declining oil prices and lower-than-expected business tax collections.
Another gap is from last year, when the state overspent.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
More From News Talk 96.5 KPEL
![Senators Move Ahead With 1-Cent State Sales Tax Hike](http://townsquare.media/site/36/files/2016/02/Louisiana-State-Capitol-Top-wikipedia.jpg?w=980&q=75)
![Jindal Touts His Two-Term Governorship During A Tour Across The State](http://townsquare.media/site/36/files/2015/06/Bobby-Jindal-youtube-e1449949990236.jpg?w=980&q=75)
![Jindal’s Plan To Close $487M Budget Deficit Wins Approval](http://townsquare.media/site/36/files/2015/11/RS6016_459909237.jpg?w=980&q=75)
![Jindal Issues Executive Order To Prevent Syrian Refugees From Being Settled In Louisiana](http://townsquare.media/site/36/files/2013/02/162653203.jpg?w=980&q=75)
![Immigration Activists Grill Jindal At Iowa State Fair Saturday](http://townsquare.media/site/36/files/2015/08/Jindal-Iowa-State-Fair-Photo-by-Scott-Olson-Getty-Images.jpg?w=980&q=75)
![Governor Jindal Suing Feds Over Common Core](http://townsquare.media/site/36/files/2014/06/145977880.jpg?w=980&q=75)
![Lawmakers Agree To Try Out Jindal Health Plan](http://townsquare.media/site/36/files/2012/08/healthcare1.jpg?w=980&q=75)
![Former DHH Secretary To Be Deposed In Lawsuit](http://townsquare.media/site/36/files/2012/09/Louisiana-State-Capitol-Photo-by-Chris-GraythenGetty-Images.jpg?w=980&q=75)