[StBernard] Treasury Update

[Westley Annis]

Treasury Update

January 19, 2010

 	  	  	 
Inside This Issue	 

	

	*	. In the News...
	*	. Streamlining Commission Update
	*	. Searched For Your Money Lately?
	*	. State Bond Commission Update
	*	. Treasurer Kennedy Reaching Out to Citizens

 	 
 	 In the News... 	 	 
 	 
New Orleans City Business -- Bond Commission approves $125.3M for New
Orleans area
<http://neworleanscitybusiness.com/blog/2009/12/21/bond-commission-approves-
1253m-for-new-orleans-area/> 
	 	 
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 	 Streamlining Commission Update 	 	 
 	 The Louisiana Commission on Streamlining Government has been
meeting since July with the goal of finding ways to reduce the cost of
government in order to address Louisiana's budget shortfalls. Treasurer
Kennedy is an active member of the Streamlining Commission and Chair of the
Commission's advisory group on efficiency and benchmarking. 

He proposed the following recommendations that were adopted at the
Commission's December meeting: 

1. Cease the Operations of Citizens Property Insurance Company
2. Change the Benefit Structure for the Four State Retirement Systems
3. Eliminate NGO Contracts with the State after Governor's Veto
4. Tie the Budget of the Crescent City Connection to Tolls
5. Reduce the Spending of the Office of Juvenile Justice
6. Reduce Top-Heavy Management Structure in State Government 
7. Do Not Raise Taxes
8. Eliminate Non-Performance Contracts
9. Require Legislative Approval of Charity Hospital Business Plan

You can read more about the work of the Streamlining Commission at:
http://senate.legis.state.la.us/streamline
<http://senate.legis.state.la.us/streamline> .
 

 	 
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 	 Searched For Your Money Lately? 	 	 
 	 The Treasury's Unclaimed Property Division is diligently working to
reunite unclaimed money with its owners.  In December, there were a number
of large sums of money found and delivered to claimants in the following
Louisiana cities:


Metairie

$88,118

Marrero

$67,806

Homer

$19,580

Baton Rouge

$19,580

Lafayette

$17,663

New Orleans

$15,684

Covington

$14,880

Thibodaux

$12,735

Reserve

$12,331

Shreveport

$11,403

Bossier City

$10,892

Raceland

$10,229

To check if you have any unclaimed property, you can call the Unclaimed
Property Division's toll-free number for assistance at (888) 925-4127. If
you are in Baton Rouge, call (225) 219-9400. You can also search the online
database at: www.latreasury.com.


 	 
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 	 State Bond Commission Update 	 	 
 	 The State Bond Commission approved more than $305 million in
funding for projects statewide at its December meeting. Some of the meeting
approval highlights include:

- $100 million in GO Zone bonds (preliminary approval) for the Industrial
Development Board of the City of New Orleans to finance office and retail
space, a hotel and residential units.
- $50 million in bonds for the East Baton Rouge Mortgage Finance Authority.
- $10 million in bonds (conditional approval) for the Caddo-Bossier Parish
Port Commission to acquire a manufacturing and packaging facility.  
- $25 million in bonds for the Lafayette Public Trust Financing Authority to
provide affordable housing opportunities.
- $14 million in bonds for the City of Alexandria in Rapides Parish for
waterworks, sewer and electric power system improvements.
- $19.8 million in bonds (conditional approval) for the Town of Delhi in
Richland Parish for sewer system improvements.


 

 

 	 
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 	 Treasurer Kennedy Reaching Out to Citizens 	 	 
 	 Treasurer Kennedy has been speaking to citizens across the state
about Louisiana's budget and the work of the Streamlining Commission.
During the month of December, the Treasurer spoke to Rotary Clubs in
Alexandria, Mamou, Patterson and Morgan City.  He was also the guest speaker
at a meeting of the St. Martinville Chamber.  

Be on the lookout for Treasurer Kennedy to speak in your area soon in the
New Year.  If you are a member of a Rotary Club, Kiwanis Club, Chamber or
other community organization and would like Treasurer Kennedy to speak to
your organization, please email comments at treasury.state.la.us
<mailto:comments at treasury.state.la.us> .    


 	 
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