The East Baton Rouge Parish Redevelopment Authority approved an amended budget for 2014 and budget for 2015 Wednesday that reflect significant savings with the departure of former RDA head Walter Monsour.
The RDA’s amended 2014 general fund budget calls for the organization to spend $1.1 million for the year, about 14 percent less than the original $1.3 million budget. The RDA’s 2015 general fund budget is $846,860. That means the organization will have $629,693 on hand at the end of 2015.
Monsour resigned as RDA head last month. His $265,000 annual base salary and $100,000 benefits package became an issue of contention after the RDA announced that it was on track to run out of money in early 2016 and requested an annual appropriation of $3 million a year from the Metro Council to keep the organization running.
Gwen Hamilton, a longtime administrator for Mayor-President Kip Holden, the Baton Rouge Area Chamber and the Baton Rouge Area Foundation, was appointed interim RDA head. She has an annual salary of $75,000.