Louisiana

In the hunt for new revenue, two Southeast governors made proposals that could signal the revival of a taxing mechanism that was widespread in the pre-World War II era.

A sweeping tax reform plan presented by Louisiana Gov. John Bel Edwards Wednesday met with immediate resistance from businesses that stand to see some of the biggest changes.

Louisiana was not penalized by the market after its third rating downgrade in a year, getting strong bids for this week’s general obligation bond pricing.

Louisiana’s general obligation bond rating took another hit as S&P Global Ratings downgraded the state one notch to AA-minus.

Louisiana Gov. John Bel Edwards wants coastal protection projects added to the president's high-priority infrastructure list in order to receive expedited federal approval.

The Louisiana Legislature ended a special session agreeing to budget cuts and using reserves to close a $304 million mid-year gap, while facing a $440.5 million shortfall in fiscal 2018 due to lower revenue estimates.

The Louisiana State Bond Commission approved a smaller-than-planned general obligation borrowing Thursday that will save the cash-strapped state’s general fund about $3 million.

Issuers across the Southeast brought $71.7 billion of municipal bonds to market in 2016, a 3.3% year-over-year increase that was generated largely by refundings.

Facing another budget shortfall, Louisiana Gov. John Bel Edwards will ask lawmakers to take up tax and budget reform measures.

Louisiana may rely on a P3 to finance the widening and other upgrades to Interstate 10 in Baton Rouge.