logo-cropped

The Jindal administration has repaid a $70 million state treasury loan that was needed to keep public colleges and universities operating.

However, state Treasurer John Kennedy raised concerns Tuesday about where the administration found the money to repay the borrowing. He said the administration grabbed dollars from another fiscal year. Kennedy also said the 2013-2014 fiscal year ended this week with a nearly $63 million deficit.

“They’re using 2015 money to pay expenses for 2014. That leaves a hole in 2015 which causes me to have to loan them more money to fill the hole.

If a consumer did it this way, it would be called check kiting,” Kennedy said.

Commssioner of Administration Kristy Nichols, the governor’s chief budget adviser, said Kennedy isn’t privy to all of state government’s financial books.

“The treasurer is looking at this from an accounting standpoint based on what’s been deposited at a certain point in time.

Original Source

Media Sources

Metairie

Website: www.bayoubuzz.com Email This email address is being protected from spambots. You need JavaScript enabled to view it.
 

 

What is Google Apps?

Google Apps is a cloud-based productivity suite that helps teams communicate, collaborate and get things done from anywhere and on any device. It's simple to set up, use and manage, so your business can focus on what really matters.

Millions of organizations around the world count on Google Apps for professional email, file storage, video meetings, online calendars, document editing and more.

Watch a video or find out more here.

Here are some highlights:

Business email for your domain

Looking professional matters, and that means communicating as [email protected] Gmail’s simple, powerful features help you build your brand while getting more done.

Access from any location or device

Check email, share files, edit documents, hold video meetings and more whether you’re at work, at home or in transit. You can pick up where you left off from a computer, tablet or phone.

Enterprise-level management tools

Robust admin settings give you total command over users, devices, security and more. Your data always belongs to you, and it goes with you if you switch solutions.

Start free trial

GNO Inc's Michael Hecht stokes New Orleans region rapid acceleration


Read the interview

deep 2

Share Bayoubuzz

Powered By JFBConnect