one-time money

  “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.

Insight: Jindal Budget Team Gets Creative to Make Ends Meet

Feb 21, 2014

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.


 

Thursday House Speaker Chuck Kleckley endorsed a plan that would raise revenue and cut spending.

Earlier this week, the budget was on track to avoid much debate on the floor, but it hit a snag on Tuesday.

The House Appropriations Committee again called into question the way the Jindal Administration crafts the state’s budget.

 

On Monday the committee passed the budget bill and the funds bill, which allows for interagency transfers, the primary source of one-time funds.

 Governor Bobby Jindal wants to utilize one-time funds to keep the state afloat. Jindal's proposed budget was unveiled Friday to the Legislature's Joint Committee on the Budget.

The Governor's budget it $24.7 billion in size. One-time funds make up only $424 million of it – but last year, the budget’s use of one-time funds was smaller than that, and those funds not coming through were partially to blame for mid-year budget cuts.


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