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flag Louisiana will use a $293M surplus to reduce debt faster, citing underfunded pensions as a key cause.

flag Louisiana State Treasurer John Fleming announced plans to use a $293 million budget surplus to accelerate debt reduction, citing underfunded retirement systems like LASERS as a primary cause of state debt. flag Speaking in Shreveport on January 14, 2026, he emphasized that faster debt repayment would improve fiscal health and enable future tax cuts, calling for structural reforms to prevent ongoing debt accumulation.

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