Whats been the impact of the stimulus, and how has it influenced the budgeting process?
Davis: In FY 200910, Louisiana was faced with a $1.3 billion shortfall compared to the prior fiscal year. Instead of using the entire amount of federal stimulus available, we funded programs that would not strap the state with more financial commitments in the future, and we strategically spread the use of the stimulus over a two-year period. We directed agencies to avoid using this one-time stimulus money as though it was a permanent source of revenue by starting new programs or hiring additional permanent employees. We also required agencies to track all stimulus funds through our accountability Web portal, LaTrac. To prepare responsibly for future years, we used stimulus funds to transition us into a smaller and more sustainable, right-sized government while still supporting health care, education, workforce development and public safety. Gilroy: What was the outcome of the legislative session, in terms of offering more flexibility and tools to address the looming budget deficits? D
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