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Displaying items by tag: Louisiana revenues

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Wednesday, 13 January 2016 18:31

As oil prices drop sharply, Louisiana Treasury says revenues drop gets bigger

oil pricesAs Jay Dardenne, the now-Commissioner of Administration for Governor Jon Bel Edwards pointed out last month, the state of the Louisianaa budget is worsening.

Even worse, Louisiana, which is currently in a projected $2.6B budget hole as Edwards administration has taken office, also must deal with sharply-dropping oil prices.  Oil is hovering over $30 per barrel.  At the time of the recent Louisiana governor's election, oil was trading in the mid-forties.

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