Louisiana Lawmakers Return to Virus-related Budget Problems
BATON ROUGE, La. (AP) — Louisiana lawmakers have resumed their legislative session and are trying to get their arms around the scale of the financial problems caused by the coronavirus outbreak.
They’re struggling with the problem of how to craft a budget when economists say there’s little precedent for the type of disaster the world is facing. Economists outlined grim expectations to the House Appropriations Committee of a slow and painful recovery and an economic hit that will be greater than after hurricanes Katrina and Rita.
The state faces a double whammy: The virus fallout from widespread unemployment and shuttered businesses and an international feud worsening the steep decline in oil prices.
(Story written by MELINDA DESLATTE/AP)