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State Treasury highlights investment gains, unclaimed‑property returns and launch of school transparency portal
Summary
State Treasurer John Fleming told the House Appropriations Committee the Treasury saw strong investment returns and returned more than $50 million in unclaimed property in FY24 while announcing the upcoming School Transparency Project portal to publish detailed school awards and contracts by March 31.
State Treasurer John Fleming and Treasury staff briefed the House Appropriations Committee on the Treasury's FY26 recommendation and several operational efforts, including a newly launched school transparency portal, unclaimed property outreach and the administration of Hurricane Ida recovery grants.
Blair LeBlanc of the House Fiscal Division presented a $14.2 million FY26 recommendation for the Treasury, funded mostly by fees and self‑generated revenue; the largest program is the administrative program, which houses unclaimed property work. Treasurer John Fleming said Treasury achieved its highest rate of return on state investments in the past five years and credited both higher interest rates and the agency’s investment staff; he reported S&P upgraded Louisiana’s general obligation rating to AA in 2024 and said ongoing refinancing produced tens of millions in savings.
Fleming told…
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