MEMO to Obama on Revenue Sharing: You said Recovery of Gulf Coast a Priority —Your Budget Hurts our Recovery
When the president released his fiscal year 2017 budget, he proposed repealing the existing revenue sharing law, which would deny Louisiana and other Gulf Coast states billions. The president betrayed the commitment he made on the 10th Anniversary of Hurricane Katrina.
WASHINGTON— U.S. Senator Bill Cassidy, M.D. (R-LA) questioned U.S. Secretary of the Interior Sally Jewell on President Obama’s fiscal year 2017 budget today, which proposed repealing the existing revenue sharing law.
On the 10th anniversary of Hurricane Katrina, the president said he wanted to make the recovery and rebuilding of the Gulf Coast a priority. Dr. Cassidy spoke with the president in the Lower Ninth Ward, pointing out that the devastation brought by Katrina was in part due to the loss of wetlands. He explained revenue sharing is critical to protecting Louisiana from future storm surge since the state’s constitution dedicates 100% of revenue from offshore energy production to coastal restoration. The president agreed—he did not want another Hurricane Katrina. Despite his words, his fiscal year 2017 budget proposed repealing existing revenue sharing law.
Watch the video here and read excerpts below:
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