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State report says LSU hospital privatization deals short $39M - KTBS.com - Shreveport, LA News, Weather and Sports

State report says LSU hospital privatization deals short $39M

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SHREVEPORT, La. -

Where's the money?

 
A new report from the state legislature shows that the governor's plan to privatize all LSU hospitals is bringing in way less than expected. That's $39 million less to be exact.

The Jindal administration had provided lawmakers with estimates of more than $140 million when the current budget was set.
 
Lease payments by the new private partners of the hospitals only amount to $101 million now, according to the legislature's financial analysts.

This leaves lawmakers scrambling to fill the gap by the end of the fiscal year on June 30, 2014.

Rep. Henry Burns gave a statement Thursday saying, "Hopefully, with a collective effort between us and our private partners, we'll come to a solution as we are equally yoked together."

Jindal's Commissioner of Administration, Kristy Nichols, commented saying the legislature's report is "wrong." 

Nichols said it doesn't take into account all lease agreements and the money will amount to what Jindal had initially thought.

Click here for more. 

Or, here for a look back at the legislative review of the Shreveport LSU hospital deal.

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