Today, Louisiana Governor John Bel Edwards, after completing a failed fiscal session ending last week, embarked upon the regular session today, held annually during the Spring. The fiscal session was called as a special legislative session so revenues could be raised. These revenues or taxes cannot be raised during a regular session. Edwards wants the session to end early so it can engage in another fiscal session at the end of the regular-scheduled spring session to handle the close to one billion dollars in budget shortages.
Below is the transcript of today's speech to the Louisiana legislative session. The speech was streamed live by Bayoubuzz.com with related tweets off to the side.
One million dollars down the drain to pay for a special session of the Louisiana legislature. And all for naught. The Governor is hollering that the financial sky is falling and the state is in dire fiscal straights. Legislators protest that their hands are tied by too many constitutional dedications. And since there is little appetite for trimming the budget, the legislature now begins its regular gathering at the state capitol with a shortfall of over one billion dollars.