Budget relies on nearly $1B in piecemeal funding

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Posted: Jun 4, 2014 2:33 PM by Melinda Deslatte
Source: Associated Press

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Topics: louisiana, budget, bobby jindal, funding, financing

BATON ROUGE - Lawmakers and Gov. Bobby Jindal's administration have patched their way through another budget year, assembling a $24.6 billion budget that relies on nearly $1 billion in piecemeal financing.

Spending increases for health care services, public colleges and other favored programs muffled most criticism for the 2014-15 spending plan for the fiscal year that begins July 1.

But with the continued use of money from loan repayments, trust funds and pharmaceutical settlements that are one-time financing sources, the governor and lawmakers gave themselves a headache for next year.

The nonpartisan Legislative Fiscal Office says $991 million used in next year's budget won't be available the following year. That means when lawmakers return for their 2015 legislative session, they'll start off in a hole, trying to scrape together dollars to fill gaps.

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