FY 2019 budget

Wallis Watkins

Gov. John Bel Edwards has called legislators into a special session starting Monday to address the state's looming budget crisis. Come July 1, Louisiana is set to lose more than a billion dollars in revenue. 

: Screenshot from ohiocheckbook.com

The Louisiana Association of Business and Industry (LABI) is one of the more powerful influencers inside the state capitol.

This year, they're focusing on government transparency, namely through the creation of a website called Louisiana Checkbook. LABI president Stephen Waguespack says it's about rebuilding people's trust in government. 

Wallis Watkins

It remains to be seen how the state will address the budget shortfall for next fiscal year, when more than a billion dollars in tax increases expire. 

Wallis Watkins

When Louisiana rolls into the next fiscal year on July 1, state revenue will shrink by more than $1 billion as temporary tax increases expire. That drop in revenue is what's referred to as the fiscal cliff.

Pinterest

Remember this fable from childhood?

“The sky is falling! The sky is falling! A piece of it just hit me on the head!”

Critics and opponents of the governor are saying the so-called “doomsday budget” proposal released earlier this week amounts to “Chicken Little” tactics.

screenshots from legis.la.gov

“What you have before you are a list of cuts that we should not make. They are not in our state’s best interest,” Gov. John Bel Edwards said as he presented his proposed budget for the next fiscal year to the Joint Budget Committee Monday. As required by the state constitutional requirement for a balanced budget, the proposal reduces state spending by $994 million.

Sue Lincoln

Gov. John Bel Edwards presents the executive budget for the upcoming fiscal year to lawmakers this morning.

 

"The budget proposal will be in balance," Edwards states. "It will be premised upon give-or-take a billion dollars less next year than this year. And those cuts are horrific."

Sue Lincoln

Unsurprisingly, Gov. John Bel Edwards delivered a positive review of 2017 during his year-end press conference Wednesday.

"Despite the challenges that lie ahead, I remain extremely optimistic about the future of our great state," he said, while standing in front of one of the mansion's Christmas trees.