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Gov. Edwards to address budget crisis in live statewide address Feb. 11

this is a discussion within the NOLA Community Forum; Saying "We have reached the end of the road where cuts alone will work to solve this problem," Gov. John Bel Edwards announced he will deliver a statewide address Feb. 11 about the Louisiana budget crisis, which is worse than ...

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Old 02-10-2016, 02:31 PM   #1
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Gov. Edwards to address budget crisis in live statewide address Feb. 11


Saying "We have reached the end of the road where cuts alone will work to solve this problem," Gov. John Bel Edwards announced he will deliver a statewide address Feb. 11 about the Louisiana budget crisis, which is worse than than previous projections.

The state's Revenue Estimating Conference (REC) issued a forecast today saying Louisiana was facing an $850 million immediate deficit (up from a previously forecast $750 million) and a projected budget gap for the 2016-2017 fiscal year of $2 billion.

Greg Albrecht, the state's chief economist, told the REC this morning, "For all practical purposes, Louisiana is in its own recession, and it has come on pretty rapidly." *

LaPolitics editor Jeremy Alford reported Edwards and his team contacted television stations around the state last week asking for airtime for what would amount to a "State of the State" address, which was granted.?
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