Louisiana coastal authority plans to spend $887M next fiscal year

The Louisiana Coastal Protection and Restoration Authority expects to spend $887 million next fiscal year if the money is available, according to a draft plan CPRA’s director presented Friday to the board.

Of that total, $633 million, or 71%, would be spent on construction. Other uses involve planning, design, maintenance and general operation costs. Estimated spending totals $930 million the following fiscal year and $1 billion the year after that.

CPRA does not receive money from the state’s general fund, but it is eligible for surplus dollars when they’re available. Other sources include state mineral taxes, revenue from offshore energy exploration and fines related to the 2010 Deepwater
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