Parish presidents, police jurors, legislators, bureaucrats, U.S. representatives and U.S. senators are re-grouping after their initial failed attempt to get the Reinvesting In Shoreline Economies and Ecosystems Act of 2022 on the President’s desk before the 117th Congress expired Dec. 31, reports NOLA.com.
Primarily, RISEE would have lifted the limit on what the federal government pays states in royalties and fees for offshore energy production. That translates into a roughly 20% bump in annual state government income.
Most of the money would have gone toward coastal restoration, flood protection and improvements for communities impacted by oil and gas production — much of which are presently covered by Louisiana taxpayers or are just not done for lack of cash. Read the entire story.
