Jindal-Pushed College Fund Dwindling – More Difficult To Use
BATON ROUGE, La. (AP) — Financing for an incentive fund touted by Gov. Bobby Jindal as key to helping solve Louisiana's worker shortages has dropped to 60 percent of its original goal a year after its creation.
And the hurricane recovery dollars set aside for it have so many limitations that spending plans haven't been drawn up for this year's use of the money. Colleges still are working through paperwork for last year's spending.
The $40 million Workforce and Innovation for a Stronger Economy Fund was widely praised when it was created in 2014. A year later, lawmakers and the Jindal administration reduced the new set-aside to $24 million. With recovery dollar restrictions, the Board of Regents isn't sure colleges can use the full amount this year and will start with plans for $12 million.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.