Louisiana’s 2017-18 budget is currently balanced. But Republican state lawmakers don’t believe the state’s revenue projections will hold up, and have asked Commissioner of Administration Jay Dardenne to provide a list of $60 million in potential mid-year cuts.
Number of the Day
$54 million- Amount the state saved by refinancing $377 million in Gasoline and Fuels Tax Revenue Bond debt, which can be used for highway and bridge projects. (Source: The Advocate)
Gov. John Bel Edwards came to office promising to end the age-old practice of using one-time, stopgap funding to pay for recurring government expenses, which grew to epidemic proportions under his predecessor.
Gov. John Bel Edwards told lawmakers Friday that he will not be asking for new general tax revenues during the special legislative session he plans to call next month to address Louisiana’s $304 million mid-year budget shortfall.
U.S. Sen. Bill Cassidy of Louisiana joined three of his colleagues on Monday in laying out a plan to replace the federal Affordable Care Act with an alternative that represents a partial retreat from earlier promises to repeal the landmark law in its entirety.