DALLAS — Louisiana lawmakers gave final approval late Tuesday to a $25 billion budget for fiscal 2012 that relies on more than $200 million of fund transfers and reallocations to balance next year’s spending plan.

The budget, which goes into effect July 1, cuts $1.5 billion from state expenditures in fiscal 2011.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.