Treasurer: Louisiana has $300M-plus surplus from last year
By MELINDA DESLATTE, Associated Press
When that accounting check is complete, Schroder says he anticipates the official figure will exceed $300 million.
Gov. John Bel Edwards' spokesman Richard Carbo confirmed Louisiana has a surplus, but he said the exact amount won't be determined until mid-October. Carbo called it premature for Schroder to discuss a figure.
Under Louisiana's constitution, surplus dollars can only be spent on certain one-time expenses, like debt payments, construction work and rainy day fund deposits.
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