Louisiana Public Affairs Research supports using ‘excess cash’ for levee debt

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BATON ROUGE, La (BRPROUD) The Louisiana Public Affairs Research Council of Louisiana (PAR) explains how excess cash for storm protection system payments is being used to save the state billions.

Law makers are using the state’s budget boom to pay off the $1.1 billion multi-year debt owed to the federal government for flood and storm protection improvements to the New Orleans region after Hurricane Katrina.

The Public Affairs Research Council of Louisiana supports the approach lawmakers have chosen to save the state billions of dollars in interest charges that would be owe to the federal government. For more information on the PAR Louisiana System visit parlouisiana.org

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