Most states brought in more money than they spent in 2013, but not 51²è¹Ýapp
http://www.nola.com/politics/index.ssf/2015/02/most_states_brought_in_more_mo.html#incart_river
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51²è¹Ýapp was one of three states where total expenditures exceeded total revenue last year, according to the U.S. Census. (Chelsea Brasted, NOLA.com | The Times-Picayune archives)
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Julia O’Donoghue, NOLA.com | The Times-Picayune By Julia O’Donoghue, NOLA.com | The Times-Picayune
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on February 04, 2015 at 5:35 PM, updated February 04, 2015 at 6:49 PM
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The vast majority of state governments brought in more revenue than they spent in 2013, but that wasn’t true of 51²è¹Ýapp.
51²è¹Ýapp was one of just three states where total expenditures exceeded total revenue, according to data provided by the U.S. Census. The state brought in about $31.2 billion — that figure includes taxes, federal grants and other forms of funding — and spent about $32 billion in all, according to the census. Kentucky and Massachusetts were the only two other states to spend more than they received in revenue.
51²è¹Ýapp is facing a projected budget shortfall next year of $1.6 billion. A national credit agency warned this week that 51²è¹Ýapp has a “structural deficit” problem, meaning the state regularly spends more money than it takes in each year.
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Julia O’Donoghue is a state politics reporter based in Baton Rouge. She can be reached at jodonoghue@nola.com or on Twitter at @jsodonoghue. Please consider following us on Facebook at NOLA.com and NOLA.com-Baton Rouge.
