It might be an understatement, to declare that the Louisiana universities are in panic mode. According to recent government figures, the state is roughly $950 million in the hole for the balance of this fiscal year and $2 billion in deficit for the fiscal year starting July 1, 2016. Historically, because the way the legislature has devised the budgetary system, higher education and healthcare needs are the victims when cuts occur.
Tonight Governor Jon Bel Edwards issued a State of the State address due to the impending $3 billion dollar budget shortfall and upcoming legislative session.
Here are his remarks as prepared for delivery
Plenty is riding on what occurs tonight as new Louisiana governor Jon Bel Edwards gives his state of the budget address at 6:30 pm followed by a Republican Party response by John Kennedy, Louisiana treasurer and US Senate candidate.
US Senate candidate, and treasurer, John Kennedy has sent out an email stating he will be giving the republican response to Jon Bel Edwards speech about the budget.
We have are living a budgetary nightmare here in Louisiana as the Chief Economist for the Louisiana legislature essentially describing the state in a "recession"
On Sunday, a special session to fix, or try to fix a roughly $900 million dollar hole and a $2 billion dollar ditch will commence.
The Revenue Estimating Conference REC has presented the updated Louisiana fiscal house disaster, the Louisiana legislature special session is about to start.
Are you ready to rumble?
After all, how do you describe a budget crisis situation for a state that will run out of money to pay for expected and some say needed services for this year in the estimated amount of $900 million and now over $2 billion for the following fiscal year?
While the Legislature and the Governor Jon Bel Edwards determine the current Revenue Estimating Conference determination of budget shortage, tomorrow, Louisiana will be glued to an unprecedented "State of the State Address" by the governor.
Below is the email by the administration descriing the broadcast.
Jon Bel Edwards meets with Louisiana Senate as Speaker Barras responds to session call
There might be some friendlier ties in the Louisiana Senate, but nothing cooking like that in the House.
The Louisiana Democratic Party has unleashed an attack against Bobby Jindal, Speaker Taylor Barras, Rep. Cameron Henry and republican legislators while supporting Governor Jon Bel Edwards's budget proposals which includes taxes. This email is from the Party:
Isn’t it time to stop playing those political games? Louisiana is on the brink of another man-made disaster, this time, the budget hole, being strengthened by a devastating low-pressure system sucking down, into the dark cavity, our education and healthcare institutions.