BATON ROUGE, La. (BRPROUD)- Governor John Bel Edwards is asking that $175 million from the Main Street Recovery Program be moved to help in other areas.
The request was made to the Senate President and Speaker of the House in Louisiana.
The reallocation of the $175 million is to be broken down this way:
- $75 million in funding to the state’s unemployment trust fund
- $75 million to local governments most impacted by the COVID-19 crisis
- $25 million in grants for businesses closed in Phase 2 and Phase 3 of Louisiana’s COVID response, such as bars.
One of the most important things the Legislature can do in this upcoming session is to fix the Main Street program and to re-allocate the CARES Act funding to where it is needed,” Gov. Edwards wrote. “While this reallocation will not meet all of the needs that we have for local governments and the Unemployment Trust Fund, it will go a long way towards providing for stability in the local governments most affected by COVID-19 and helping to prevent crippling tax increases on businesses because of the likely insolvency of the trust fund.
Edwards’ letter to the Senate President and the Speaker of the House can be read here.
It remains to be seen whether any action will be taken on this during the Special Session.
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