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What was an effect of louisiana’s state budget deficit in 2016?


the state tripled taxes.

the state asked the federal government for funding.

the state declared bankruptcy.

the state cut hundreds of millions of dollars from the budget

Sagot :

One effect of Louisiana states budget deficit in 2016 was that the state tripled its taxes to meet the deficit.

What is Budget deficit?

A budget deficit is a situation where expenses exceed revenue and indicate the financial health of a state or country.

Budget deficit usually occurs when the government is unable to meet up with its financial obligations due to a sharp drop in revenue.

This can be influenced by several factors such as a drop in oil revenue as in the case of Louisiana.

Learn more about budget deficit at https://brainly.com/question/26010226

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