Governor John Bel Edwards is lifting the stay at home order and that means Phase one of reopening of the economy will begin on Friday and last for at least 21 days. Edwards says that means restaurants, coffee shops, and cafes can re-open to the public for indoor table service at 25-percent of their capacity
The Revenue Estimating Conference agreed to dramatically lower the revenue forecast for the fiscal year that begins July 1st, by at least a billion dollars in state spending next fiscal year. Tax collections have taken a significant hit. The Legislature’s Chief Economist Greg Albrecht says there are no signs for economic recovery anytime soon in Louisiana…
A report from the state Department of Revenue finds that tax and fee collections for the month of April were 494-million dollars lower than the previous April. State Treasurer John Schroder says this paints a dismal picture of the economic situation, adding that next month will be worse.
Governor John Bel Edwards’ stay at home order went into effect March 23, which closed many businesses. That’s led to a decline in income and sales tax collections. Schroder expects tax collection numbers to remain low for several months…
Governor Edward did announce that he’s lifting the stay at home order this Friday which will allow some businesses to reopen but they will be limited.