In local news:

Legislators recently received estimates from Governor Edwards that show Louisiana’s share of flooding recovery costs could reach $81 million. While the federal government will pay for most of the response effort, Louisiana must cover a portion ranging from 10 percent to 50 percent depending on the type of aid. The Edwards administration estimates Louisiana’s share of state agency response costs will reach $49 million, which the state must pay before the budget year ends June 30th. The state has struggled with a series of extreme budget shortfalls leftover from the previous administration which led to two Special Sessions in the past year.

Read more via Insurance Journal here.

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