Gov. Bobby Jindal wants the state to shed some property for up-front cash, offering budget plans that include selling a state mental hospital, a parking lot overlooking the Louisiana Capitol, and a prison in central Louisiana. If the property sales make the money assumed in Jindal’s proposals, $35 million would be used for next year’s operating budget, and another $40 million would be sent to the state’s so-called rainy day fund. Lawmakers will consider the ideas this session, which began Monday and will end no later than June 4. The administration proposes to sell the New Orleans Adolescent Hospital and use the proceeds for public hospital operations. Money from the proposed sale of the Avoyelles Correctional Facility and the site of the former insurance building near the Capitol would be plugged into the rainy day fund.
Jindal proposes selling property to raise $75M
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