La. awaits millions in insurance payouts to fund its budget

03/25/2013 | Advocate (Baton Rouge, La.), The

Louisiana officials say that $56 million of the $88 million needed for the next fiscal year's operating budget depends on the settlement of insurance claims. The $56 million, which would come from the state's self-insurance fund, has drawn questions from lawmakers. The Office of Risk Management hasn't said how repairs to state buildings may be affected if the transfer is made, according to Charley Rome, fiscal analyst for the Legislative Fiscal Office.

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Advocate (Baton Rouge, La.), The

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