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Inside the LMA<br />

Governor’s Column<br />

A TIME OF THANKSGIVING<br />

BY JOHN BEL EDWARDS, GOVERNOR OF LOUISIANA<br />

Where has the time gone? It’s hard to believe<br />

<strong>November</strong> is already here but here it is, and what a<br />

beautiful time of the year. This is the month when<br />

we take time to reflect and give thanks for all of our<br />

blessings. Of course I’m grateful for many things<br />

including my family, friends, the hard working and<br />

fun-loving people of our state and the LMA and all<br />

of its members. Louisiana is seeing some of its best<br />

days in decades and that is in part because of your<br />

steadfast partnership with my administration in helping<br />

municipalities across our state and consistently making<br />

a difference. Thank you for all that you do.<br />

There are many things that as a state we can be<br />

thankful for as we look back on all that we have<br />

accomplished together. No longer having to deal<br />

with deficits, Louisiana is projected to have a $300<br />

million surplus for the fiscal year 2018. This is exactly<br />

what we wanted to see. It’s the direct result of an<br />

improved job market for Louisianans, increased<br />

success of our businesses, and an improving<br />

economy that has allowed corporate tax receipts<br />

to outpace expectations. Since I’ve been governor,<br />

the unemployment rate has fallen from a high of 6.2<br />

percent to its current rate of 5 percent. The Bureau<br />

of Economic Analysis’ (BEA) latest report shows that<br />

personal income in Louisiana was the second fastest<br />

growing in the nation in the second quarter of 2018<br />

and that our state’s economy grew faster than 35 other<br />

states in the first quarter of 2018.<br />

When we come together and focus on what’s best for<br />

Louisiana, great things can happen and what we’re<br />

experiencing today is evidence of that. Not long ago, a<br />

coalition of Democrats, Republicans and Independent<br />

worked with me to find ways to provide long-term<br />

budget stability to our state – something our state<br />

has lacked for so long. As a result, we have stabilized<br />

funding for higher education for the<br />

second year in a row. We have fully<br />

funded TOPS and Go Grants. We<br />

did all of that, and we still reduced<br />

the tax burden on the people of<br />

Louisiana by nearly $600 million.<br />

In the spirit of continuing to help our people, I want<br />

to remind you to encourage your constituents who<br />

were impacted by the horrific 2016 floods and have an<br />

application with the Restore Homeowner Assistance<br />

Program to complete and submit their applications by<br />

the <strong>November</strong> 16, 2018 deadline. It’s very important,<br />

especially now that the unfair duplication of benefits<br />

issue has been corrected. It was a long hard battle,<br />

but working with our congressional delegation for the<br />

last two years, relief is on the way to homeowners who<br />

took out a loan with the Small Business Administration<br />

to help recover and rebuild. In early October, Pres.<br />

Donald Trump signed legislation allowing for the loans<br />

to no longer be counted as a duplication and with<br />

guidance from the U.S. Dept. of Housing and Urban<br />

Development, Restore will update the award amounts.<br />

You can visit www.restore.la.gov or call 866-735-2001<br />

Monday-Friday from 8a.m. - 6p.m. for more information.<br />

When we empower our people, we empower our state,<br />

and Louisiana is now on a path of prosperity that<br />

is setting our state and our people up for the kind<br />

of success they deserve. While we have much to be<br />

thankful for, we are far from mission accomplished.<br />

By continuing to work together, we can keep the<br />

momentum going. Donna and I wish you and your<br />

families a Happy Thanksgiving. God bless you all.<br />

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<strong>LMR</strong> | <strong>November</strong> 2018 Page 5

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