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Committee redirects $148.8 million surplus payment to State Police retirement, cites $25.5 million FY26 savings
Summary
Amendments to the supplemental appropriations bill direct the full constitutionally required surplus payment of $148.8 million to the Louisiana State Police retirement system rather than splitting it among four retirement systems, producing an estimated $25.5 million savings in fiscal 2026 that was reflected in the HB1 amendments.
The House Committee on Appropriations on amendments to the supplemental appropriations bill (House Bill 4 60) approved moving the entire constitutionally required payment of 25% of recognized surplus — $148,800,000 — to the Louisiana State Police retirement system instead of splitting the payment among the state’s four retirement systems.
Committee staff said using the full payment for the State Police retirement system produces an actuarial re-amortization that generates an estimated $25,500,000 in fiscal 2026 savings; those savings were calculated into the HB1 amendment package. The amendment set also identified roughly $375 million in state general fund savings for the current year from a combination of means-of-finance swaps, Medicaid adjustments, TOPS underruns, and other agency reductions.
Members adopted the amendment set by voice vote after committee staff walked through the amounts and reappropriations. The transcript lists reappropriations of savings to a range of needs, including $68.3 million to Department of Public Safety supplemental under-collections, $61.0 million for state aid to local governments, $46.6 million for public safety expenses, $34.6 million for higher education, $25.9 million for DOTD road repairs, $24.0 million for Department of Corrections, and other items. Committee staff also described $21.5 million for the Office of Juvenile Justice and $18.2 million for DCFS among listed reappropriations.
Margaret Corley Michel of the Louisiana State Police Retirement System and J. O. Quinn of the Louisiana State Troopers Association were present in support (the transcript notes Quinn as present and in support but not wishing to speak). Vice Chairman Hughes moved adoption; the committee reported House Bill 4 60 favorably as amended and placed it on the special-order calendar for May.
