“There’s no one-time money for recurring expenditures in the budget,” Commissioner of Administration Kristy Nichols guaranteed from the start of this year’s budget process. Yet as the House Appropriations Committee worked to modify and approve Governor Jindal’s budget proposal for the upcoming fiscal year, the secret behind “no one-time money” was revealed.
Members of the House Transportation Committee put their stamp of approval on the Coastal Restoration Spending Plan for the upcoming fiscal year. Jerome Zeringue, director of the Coastal Protection and Restoration Authority, says they’ll spend $725-million. Most of that money is oil-spill funds from BP.
As reporters and analysts dug deeper into the state budget proposal this week, the plan was scrutinized for it's creative financing, including using the Coastal Protection and Restoration Fund as a pass-through account.