budget cuts

Louisiana lawmakers and business owners are gathering in Bossier City today to be debriefed on the 2015 state legislative session that ended one week ago.

Stephen Waguespack, the president of the Louisiana Association of Business and Industry, will give his views on how the state’s new budget will impact the economy. Area chambers of commerce are hosting today’s summit. Waguespack is worried about how new tax policies will impact businesses, from mom-and-pop establishments to large corporations that have set up shop in Louisiana.

The LSU Health System is exploring new funding models that could stop a bloodletting of budget cuts in recent years. The tipping point came this year with a reduction of the federal Medicaid reimbursement to Louisiana. Dr. Hugh Mighty, vice chancellor for clinical affairs at LSU Health Shreveport, met with reporters to clear the air about what options are on the table. He said the LSU Health System does not intend to "sell off the hospital" as it seeks potential investors to engage in public-private partnership talks.