- Associated Press - Friday, June 1, 2018

BATON ROUGE, La. (AP) - Louisiana is using millions of unbudgeted cash from the last two budget years to pay down state debts.

A spokesman for Gov. John Bel Edwards said Friday that the governor has signed the spending plan into law.

Nearly $89 million will pay down a debt owed to managed-care companies that oversee services for most Louisiana Medicaid patients. More than $50 million will pay off legal judgments against the state.

Another $12 million will lessen state retirement debt. More than $21 million will pay FEMA for part of Louisiana’s share of ongoing disaster recovery efforts. Other dollars will cover the state’s obligations to economic development commitments.

The money includes a surplus left from the budget year that ended June 30 and unspent money from this year.


House Bills 874: www.legis.la.gov

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide