Louisiana Illuminator
Senate walks back commitment to $130 million settlement
The Louisiana Capitol Building, April 8, 2021. (Wes Muller/Louisiana Illuminator).
Gov. John Bel Edwardsâ administration had been hoping to settle the $300 million judgment by paying out less than half of the amount due $130 million over the next five years. The governorâs office hoped the flood victims would agree to the deal, in order to ensure they would receive any money at all.Â
The House got on the board with Edwardsâ plan earlier this month. The lower chamber included $30 million in this yearâs budget plan for the first payment to the flood victims. The initial installment was supposed to be followed up with four more payments of $25 million over the following four years. The state also would have had to get a judge to sign off on the compromise.Â
Louisianaâs revenue forecast brightens amid rain plaguing state WAFB file photo of the Louisiana State Capitol in Baton Rouge, La. (Source: WAFB) By Nick Gremillion | May 18, 2021 at 7:03 PM CDT - Updated May 18 at 7:03 PM
BATON ROUGE, La. (WAFB) - As parts of south Louisiana recovered from heavy rains, flooding, and tornadoes and braced for the possibility of more rain, members of Louisianaâs Revenue Estimating Conference offered up a bright forecast for state revenue on Tuesday, May 18.
The four-member panel told the Associated Press Tuesday, it predicts the state will collect an estimated $677 million in additional tax collections than previously expected over the next 14 months.
Today
Thunderstorms. High 78F. Winds SE at 10 to 15 mph. Chance of rain 80%. Locally heavy rainfall possible..
Tonight
Showers and thunderstorms likely. Potential for heavy rainfall. Low 69F. Winds SE at 10 to 15 mph. Chance of rain 80%. Updated: May 19, 2021 @ 12:38 am
La income forecast grows, giving lawmakers more to spend auburnpub.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from auburnpub.com Daily Mail and Mail on Sunday newspapers.
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