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State construction projects back on track

3 years 3 months 6 days ago October 11, 2013 Oct 11, 2013 Friday, October 11 2013 October 11, 2013 12:24 PM in News
Source: Associated Press

BATON ROUGE - Higher revenue forecasts and low interest rates have Louisiana's construction projects back on track.

Louisiana had been close to its constitutional limit on debt.

State Treasurer John Kennedy said the money to pay for ongoing construction was running out, with no room to borrow more.

Now, the state is able to keep up with current projects and a new bond sale may be coming soon.

 

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