Another budget shortfall for the fiscal year that ended on June 30, 2016 and another likely heated battle over stabilizing the Louisiana budget. Today, Louisiana Governor John Bel Edwards released the following statement:
Today, Gov. John Bel Edwards released the following statement on the budget shortfall for the fiscal year that ended on June 30, 2016 (FY 16). The Revenue Estimating Conference announced that the FY 16 shortfall was approximately $313 million. According to state law, any deficit for the previous fiscal year must be addressed prior to the end of the next fiscal year. Commissioner of Administration Jay Dardenne will outline the specifics of the budget stabilization proposals at a Joint Legislative Committee on the Budget hearing on Friday, Nov. 18.
This week, Gov. John Bel Edwards will be joined by State Representatives Tanner Magee, Stephanie Hilferty and Jerome “Zee” Zeringue on a bipartisan, two-day trip to tour Louisiana’s coast and visit offshore oil and gas exploration and production facilities in the Gulf of Mexico. Tomorrow, Gov. Edwards and the delegation will participate in a flyover of coastal Louisiana. The delegation will meet with officials from the Coastal Protection and Restoration Authority to discuss the state’s master plan to restore Louisiana’s eroding coast. On Friday, the group will visit two offshore oil platforms in the Gulf of Mexico to discuss the offshore industry.
The Louisiana flood money flow is on the way but first a review with HUD. Today, Governor John Bel Edwards discussed his pleasure with the speed that the federal government has responded to its flood recovery needs.
Below is a press release from his office:
Today, Gov. John Bel Edwards released the following statement on the announcement that Louisiana would receive $438 million of the $500 million Congress approved last month for flood recovery. The announcement comes two months after historic flooding hit South Louisiana, however, the assistance will be for both the March and August floods.
Increasingly clearly, a special state panel convened to study recommendations changing Louisiana’s tax code serves little more than an excuse to lock in overgrown government, specifically paying for Medicaid expansion, by making a temporary tax hike permanent.
Maness, Duke left out
As we have said, the U.S. Senate contest appears to be a five-person race. Louisiana Public Broadcasting and the Council for a Better Louisiana (CABL) agrees.
For the first statewide televised debate, retired Air Force Col. Rob Maness and white supremacist David Duke did not make the cut, both Republicans.
Today's Louisiana Business News: Dedication of $1.025B production plant; Louisiana entertainment; Aquarium; Unemployment report; Louisiana 7th best for women starting business
Thursday afternoon, Insurance Commissioner Jim Donelon announced the issuance of an Emergency Rule which allows greater protection and flexibility for policyholders impacted by recent flooding. The action taken by Commissioner Donelon was authorized by Governor John Bel Edwards’ Executive Order 2016-58 granting the Commissioner temporary authority to implement emergency insurance rules.
At a time like this, during a disaster of this magnitude, the people of Louisiana, its government, organizations, agencies come together.
Below are statements from Governor’s Office of Homeland Security and Emergency Preparedness
President Barack Obama has expanded the existing federal declaration for the state of Louisiana to include eight additional parishes. These eight additional parishes were included in Gov. Edwards' initial request for a federal disaster declaration but required additional data.
That giant sucking sound you heard came from film industry locusts extracting money from Louisiana’s taxpayers. But after that happened, a model for the future of the state’s Motion Picture Investor Film Credit had its debut recently in Shreveport.