Medicaid expansion as an economic development driver for the State of Louisiana?
Last week, Governor John Bel Edwards and others promoted a study from LSU that argued that the Obamacare program not only served the lower-income workers but also helped the Louisiana economy. I asked Jan Moller about this study pushed by the governor when Jim Brown and i interviewed him last week.
How dee is the real hole in the Louisiana budget are we? Does the state really willing to cut governmental services without raising revenues, which is what the Speaker of the House Taylor Barras seemed to indicate yesterday, when questioned, which could prevent another revenue-raising special session?
Louisiana has good news, kinda.
The state’s Revenue Estimating Conference met today and recognized $346 million in revenues, most primarily due to the Republican-Trump tax cut leaving a difference in the budget shortfall of $647M which is obviously much better than the $997 million hole we were looking at prior to the regular session. That’s the good news.
As is almost always the case, in the world of politics, whether it is world, national, state or local, once a failure tkes place, the blame game is soon to follow. On Monday, the Louisiana legislative session came to a screeching halt. The Governor initially blasted the House Speaker Barras Taylor, a republican. The Louisiana GOP slammed the governor. Today, Bayoubuzz's Jeff Crouere published hs analysis, citing Edwards as the culprit. Edwards's office sent out its own missive, with extracted portions of media comments in its favor. The left-leaning, Louisiana Budget project, supported Edwards, not the Republicans.
The "Fiscal Cliff" is upon us and is making news throughout the state as once again, Louisiana is looking at a roughly one billion dollar hole, if not much more.
How will the state solve the fiscal problem remains to be seen. Below are two perspectives, one from the conservative organization, Pelican Post and the second from Louisiana Budget Project.