State has $163M budget surplus
BATON ROUGE - Lawmakers finally heard some good news about the state budget, which has suffered years of continuing cuts.
Gov. Bobby Jindal's administration told the Legislature's joint budget committee that the state has an estimated surplus of $163 million from last year's budget.
Auditors must still review the state's records before that number's official, and the money can be spent.
Louisiana's constitution also says surplus funds can only be put into the rainy day fund or used for other one-time items such as bond payments or construction projects.
It will be up to lawmakers and the Jindal administration to decide how to spend the surplus in next year's legislative session.