Questions raised about touted $178.5M surplus
BATON ROUGE, La. - Gov. Bobby Jindal's administration reported a $178.5 million budget surplus for the state fiscal year that ended June 30.
However, legislative financial advisers are questioning the new method used to produce the surplus figure. And state Treasurer John Kennedy said Friday that if the traditional methodology were used, the state figures would show a $141 million deficit.
Commissioner of Administration Kristy Nichols' office confirmed Friday that $319 million from prior state fiscal years had been added to last fiscal year's revenues to produce the surplus.
Legislative Fiscal Officer John Carpenter said he hasn't seen sufficient information to determine if that was the correct approach. Legislative Auditor Daryl Purpera said his office has not seen data on how the administration came up with the surplus number.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
The Louisiana Red Cross gives out free smoke alarms in two neighborhoods
LSU to wear uniforms saluting fallen WWI heroes Saturday
Mega Millions jackpot reaches $1 billion ahead of Friday drawing
Power restored in downtown Baton Rouge after electrical fire causes hours-long outage
Frustrated commuters call for officials to "raise hell" after Sunshine Bridge closure