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Plans to divvy up Louisiana surplus money wins House passage

2 years 5 months 3 weeks ago Tuesday, May 01 2018 May 1, 2018 May 01, 2018 5:50 AM May 01, 2018 in News
Source: Associated Press
By: Associated Press

BATON ROUGE, La. (AP) - The Louisiana House has agreed to $300 million in spending plans for unbudgeted cash remaining from the last two budget years.

More than one-quarter would pay down money owed to health providers that care for Medicaid patients. Other dollars would pay off legal judgments against the state and lessen retirement debt.

Nearly $31 million would flow to Louisiana's "rainy day" fund. About $80 million would be split among construction projects, including roadwork, state building repairs, community water system improvements and local projects.

Dollars would continue computer upgrades to state government's financial reporting system. The proposals approved Monday moved to the Senate for debate. The money includes a surplus left from the budget year that ended June 30 and unspent cash from the current year.

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