Is Louisiana looking at another special session in 2018 to deal with—what seems to be the never-ending budget shortfall? What is Governor John Bel Edwards doing to fix what appears to be an annual rite of spring—budgetary emergency management? And, just how bad is the budget bleeding going to be given that the state could fall off that proverbial fiscal cliff which near-fall was softened two years ago with a penny sales tax increase and other measures?
In part three of the November 2 interview with Stephen Waguespack, the President, and CEO of the Louisiana Association of Business and Industry, the leader of the largest business organization in the state discussed these and other issues confronting the state, once again.
Have Louisiana’s storms of budget slashes and revenue bloats come to an end? Months ago, the Governor John Bel Edwards administration announced that the state’s revenues have increased, thus, the fiscal year ended with a, get this, a surplus of over one hundred million dollars.
The Louisiana legislative session is approaching, the economy is improving, the state is suffering a budget deficit yet conditions are better than expected.
The Louisiana business community has certain needs. what are they? What is it doing to improve conditions for small and large businesses in the state?
How do you fill a budget gap of more than #1 billion dollars after consecutive years of combination of tax increases and budget cuts amounting to roughly $3 billion?
This is the issue plaguing Louisiana Governor John Bel Edwards, his staff, the Louisiana legislature and of course, the business and the citizens of the state.