Education

The Center Square

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Louisiana treasurer: Unnecessary spending could fund teacher pay

(The Center Square) – Louisiana Treasurer John Fleming says reducing unnecessary school spending could help fund permanent teacher raises or maintain annual stipends, following reviews of school financial records. In a statement Tuesday, Fleming called for reevaluating the state’s Minimum Foundation Program formula but did not identify a confirmed amount of recurring savings available for teacher pay or propose specific formula changes. Treasury separately referred approximately $12.1 million in school expenditures for additional scrutiny, emphasizing that the referrals do not constitute determinations of wrongdoing or noncompliance. As The Center Square previously reported, Fleming outlined the referral in a response attached to the legislative auditor’s report. Treasury’s spending review covered July 2024 through December 2025. “Eliminating unnecessary spending and identifying systemic inefficiencies is the most practical way to secure permanent raises or maintain annual stipends for our teachers and support workers,” Fleming said. According to Treasury, its K-12 School Transparency Project launched in 2025 to make school financial information more accessible to the public. The legislative auditor’s Sept. 30 report examined financial information for the 2024-25 school year through specified procedures agreed upon with Treasury. Seven of 10 selected school systems underwent testing; Treasury had not approved the submissions from the

Louisiana · 10-07