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.
On the day that Jon Bel Edwards criticized Jindal-based "dishonest" budgeting, the governor appears to be reforming another core Jindal-attrribute of his administration, this one, being a Jindal-advocated Common Core lawsuit.
Over the past two years, when Jindal was actively promoting to national audiences that Louisiana has been balancing its budget, this year once again has proven, his balanced budgets are surreal events. Louisiana current budget is roughly 750 under-balanced.
Newly inaugurated Jon Bel Edwards is attempting to live up to his pro-life views as he for the second time, sided with anti-abortion forces.
Still in its first month of its administration, today, Governor John Bel Edwards announced the following additional cabinet reappointments for his administration:
How Democrat Gov. John Bel Edwards continues to fumble through the early days of his term found its expression in sports this weekend when the Louisiana State University Tigers men’s basketball team after one time holding a big lead came up short against the top-ranked Oklahoma Sooners.