Governor John Bel Edwards presented what he called his worst-case-scenario budget today, showcasing the impact from a billion dollar loss in state funding and what it would have on state government, The loss is a result of expiring sales taxes. Louisiana requires the governor submit a balanced budget that takes into account projected funding levels. Edwards proposed the budget, but says he doesn’t want it passed…
The governor is proposing an 80-percent cut in TOPS funding, unless legislators can agree on a long-term tax reform plan in a February special session. Slidell Senator Sharon Hewitt believes more cuts can be made to go along with any kind of tax reform plan…
A Business Development Advisors study shows military related spending in Louisiana accounts for $7.7 billion in economic output and 77-thousand military related jobs. That includes the seven military bases and the Louisiana National Guard. Louisiana Economic Development Secretary Don Pierson says there is a forgotten group that helps to add to the economy, 27-thousand military retirees…
The federal government is open for business once again. The House approved the temporary budget that now goes to President Trump for his signature. 4th Congressional District Representative Mike Johnson said in a statement, “Senate Democrats finally came to their senses and stopped using vulnerable children and military personnel as bargaining chips.” Johnson added the shutdown was quote” completely unnecessary.” Congress has until Feb 8th to approve a formal budget…