BATON ROUGE, La. -- It isn't due until Friday, but Governor Bobby Jindal will release his new state budget Thursday.

"This budget will actually decrease spending," Governor Jindal said Tuesday, "It will decrease the number of authorized positions, state employees. It will do so without raising taxes." It's a familiar mantra from the second term Governor.

"Bottom line, it will be a smaller budget than this year," Governor Jindal said. "It will have fewer state employees." And by state law, it will be balanced.

Governor Jindal wouldn't go into specifics. He said his team is "still working on final details."

"The administration likes to play it close to the vest," Senator Jack Donahue of Covington said, "until they're ready to release the budget, for obvious reasons." Donahue is the new Chairman of the Senate Finance Committee.

Governor Jindal answered questions about his new budget Tuesday afternoon, while announcing the expansion of a Fortune 500 company on the west bank of St. James Parish. NuStar Energy, a San Antonio based company, will spend $365 million to expand its St. James Terminal, where crude oil is stored.