PAR supports using excess cash for levee system payments

The Public Affairs Research Council of Louisiana (PAR) has released a new report that explains how Louisiana is using excess cash for storm protection system payments to save billions.

Louisiana lawmakers are using the state’s budget boom to pay off much of a $1.1 billion multiyear debt owed to the federal government for flood protection system improvements constructed across the New Orleans region after Hurricane Katrina.
The Public Affairs Research Council of Louisiana supports the approach lawmakers have chosen, steering better-than-expected tax collections to the hefty obligation and saving the state billions of dollars in interest charges that would otherwise be owed to the federal government.

You can read the report HERE.

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