Editor's Note: A guest post from Linda Vinsanau, a conservative activist based in Metairie.
As Louisiana's special session ended, legislators closed the state's $300 million budget deficit. However, this solution included significant cuts to the Louisiana Department of Health and other agencies, as well as using $99 million from the rainy day fund. Unless any of the numerous temporary taxes are extended through 2018 or new taxes are enacted, Louisiana will still be faced with a serious financial shortfall for the coming year. The administration continues to look for new revenue sources to fully fund state government.
That said, investments in the state financed by private companies could close that gap. One such opportunity is the Bayou Bridge Pipeline, a project that will carry up to 480,000 barrels per day crude oil from Lake Charles, Louisiana to St. James. From there, the diversity of crude oil will be able to reach refineries throughout the Gulf Coast, providing critical access to the energy resources that power our economy.