The session’s major lawsuit and insurance reform omnibus bill is headed to the House Floor. The legislation lowers the jury trial threshold and bill sponsor, Chalmette Representative Ray Garofalo says auto insurers have promised rate reductions if it passes.
Lawyer and former Congressman Don Cazayoux says the changes will pressure victims into settling for less than they deserve by requiring lengthy jury trials.
The author of a House resolution aimed at stopping the governor from enforcing the stay at home order will not move forward with the legislative measure. House GOP Caucus Chairman Blake Miguez warns if the Governor delays in continuing to reopening the economy he may revive the effort…
The state faces a billion-dollar deficit for the fiscal year starting July 1st with the possibility that deficit could rise if the economy continues to deteriorate. Governor Edwards says that unpredictability makes it likely any budget passed this session would have to be changed in the fall.
The Revenue Estimating Conference projects a 316 million dollar loss in sales tax, a 351 million dollar decline in severance taxes, and 172 million dollars in gaming revenue losses due to COVID-19.
Senator Bill Cassidy is pushing to address some of Louisiana’s, and other states’, COVID-related deficits by directing 500 billion dollars to state and local governments over the next two years.