79°
Baton Rouge, Louisiana
3 Day Outlook
Wed
85°
67°
40%
Thu
87°
68°
30%
Fri
87°
69°
50%
Follow our weather team on social media

Jindal savings recommendations to be delivered soon

11 months ago May 28, 2014 May 28, 2014 Wednesday, May 28 2014 Wednesday, May 28, 2014 11:06:26 AM EDT in News
Source: Associated Press

BATON ROUGE - Gov. Bobby Jindal's top budget adviser said she hopes to give lawmakers a copy of the final money-savings recommendations from consulting firm Alvarez & Marsal by Friday.

Commissioner of Administration Kristy Nichols provided an update to the House and Governmental Committee on Wednesday about the work done by the consulting firm, hired by the Jindal administration in December. The firm has a $5 million contract.

Bill Roberti, with Alvarez & Marsal, said the draft final report has 72 recommendations that exceed the target of $500 million in savings ideas, though many of those are long-term proposals that could take several years to reach the full savings expectation.

The 2014-15 budget proposal for the fiscal year that begins July 1, which is nearing final passage, assumes more than $70 million in savings will be reached from the consultant's plan.

The company was hired in December to look at ways to make state government programs more efficient without cutting services and to devise ideas for raising state revenue or tapping into existing federal financing streams without raising taxes.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
Partly Cloudy
82°
64°
Wed
PM T-Storms
85°
67°
Thu
Isolated T-Storms
87°
68°
Fri
PM T-Storms
87°
69°
Sat
PM T-Storms
88°
70°