Joint Budget committee

legis.la.gov

“We are sitting here with a fourth of the state budget in front of us, and there is nothing we can do to adjust that for the next two years? I find that breathtakingly hard to comprehend,” House Appropriations chair Cameron Henry said, as he led the blockade of contract extensions for managed-care companies coordinating the state’s Medicaid services.


A.G.gravation

Sep 19, 2016
screen shot by Sue Lincoln

When the administration said no to his requests for more money last month, Attorney General Jeff Landry didn’t like the answer, so he took his grievance to the legislature’s Joint Budget Committee last Friday.


S. Lincoln

Louisiana is not totally strapped for cash – yet. But the state’s capital outlay escrow account is dwindling rapidly.

“We are spending approximately $40-45 million dollars a month. That’s what we call our burn rate,” State Treasurer John Kennedy told the Joint Budget committee Thursday. “We could continue to go for a few more months, but we don’t want to hit the bottom of the bucket.”

Kennedy assured lawmakers this is a fairly regular occurrence, and said normally the state would issue general obligation bonds to refill the account, but…
“These are not normal times.”

One component of the Jindal administration’s 2016 budget proposal, revealed Friday, involves holding the line on spending in the public-private hospital partnerships. The private partners in the LSU hospital deals had asked for an additional $142-million in the fiscal year that starts July 1.

“What we funded these hospitals for was level funding, effectively,” Commissioner of Administration Kristy Nichols detailed to the Joint Budget Committee. “And some of the hospitals are projecting growth above level funding. That’s the point of discussion that we are going to have to work through in this process.”