Dive Brief:
- Louisiana will move $80 million from the budgets of existing projects to new ones that Gov. Bobby Jindal wants to see begun.
- State Treasurer John Kennedy accused Jindal's administration of abandoning projects it had said were the most important ones at the start of the fiscal year.
- Altogether, 94 projects will be losing money that is being transferred to ones that have not begun yet.
Dive Insight:
Jindal's people downplayed the importance of the reallocations, saying some of the money was coming from projects that had been finished under budget and that some was from projects that had been started but then stalled because local governments could not come up with their contributions. There was $25 million still available for new projects before the changes, so there now is $105 million in play as Jindal selects from among $350 million worth of work that legislators put on their wish list.