State Coastal Group Approves $884M Spending Plan

BATON ROUGE (AP) — A plan for how $884 million will be spent on coastal protection and restoration in Louisiana in fiscal year 2016 has been approved by the state's main coastal board.

         Although the Coastal Protection and Restoration Authority was asked initially to join with other agencies in finding reductions in spending to the tune of $2.2 million to help balance the state budget, The Advocate’s Amy Wold reports all that money had been returned to the budget by Wednesday.

         However, the coastal authority is still expecting about $2.5 million less than the average amount the authority has received from mineral revenues.

- Sponsors -

         Of the $884 million, about 67 percent will go toward construction of projects with the remainder going to engineering and design, planning, operation and maintenance, as well as operational expenses.

         For more information

 

- Partner Content -

Besselman Wealth Planners

For over 50 years, Besselman Wealth Planners has been helping individuals, families, and businesses in the Greater New Orleans area navigate the financial markets....

 

Digital Sponsors / Become a Sponsor

Close the CTA

Happy 504 Day!  🎉

Order a full year of local stories,

delivered to your door.

Limited time offer. New subscribers only.

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter