Some unnecessary anxiety came from one media source when it breathlessly reported from an item in an in-house publication put out quarterly by the Legislative Fiscal Office, which is attached to the Legislature to analyze the fiscal impact of legislation. The LFO claimed that existing cooperative endeavor agreements signed with the operators of state hospitals were supposed to generate over $140 million for the state, but predicted only $101 million or so would materialized, leaving the actual intake $38.75 million short. This money was assigned to pay for several budgetary items out of a pool where 70 percent would go to higher education.
But the LFO report was dated and not privy to inside information, leaving an erroneous impression. First, it was not even sure about its figures because it printed that one CEA remained unresolved, that for Huey P. Long Medical Center in Pineville. But last week those details, apparently overlooked by LFO staff or happened too late to include in the online PDF version, were finalized, in that the takeover there would not occur until the beginning of FY 2015. Thus, the LFO printed estimated figure was “final.”