Louisiana officials are coming to terms with a Katrina-sized, billion-dollar budget shortfall thanks to the economic crisis brought on by the coronavirus pandemic. Newell invited Commissioner of Administration Jay Dardenne onto the show Tuesday morning to discuss that as well as the economic recovery plan outlined by Governor Edwards on Monday.
“Jay, the Revenue Estimating Conference met and voted to adopt a revenue forecast that’s about a billion dollars lower than the previous forecast - one of the interesting comments they made is that they were highly uncertain in their projections. I guess that just continues to reveal itself!” Newell began.