In three months, state lawmakers will head to Baton Rouge for the regular legislative session. Senate President Cameron Henry anticipates a lengthy discussion about the state’s future energy needs with construction beginning on two massive data centers and the possibility of more data centers begin built in the Bayou State.
“What’s that going to cost us, as it relates to the power that’s required and the water that’s required to operate those facilities, and who has to pay for that in the long run?” Henry asked.
Lawmakers will not have to worry about budget cuts. That’s because of stronger than expected tax collections could result in a nearly $300 million surplus when the current fiscal year ends on June 30th. Henry says he’s not looking to go on a spending spree, instead the legislature should practice fiscal restraint.
“A lot of folks want raises and things like that. We’re going to have to hold the line on that so that everyone can get a raise, like all the taxpayers. I think that’s a legitimate goal for us to have,” Henry said.
Auto insurance reform was a significant issue in last year’s legislative session as lawmakers approved legislation intended to reduce court settlements and frivolous lawsuits that insurance companies say are resulting in the highest rates in the nation. Henry says several of those new laws did not take effect until January 1st and they need to see how they impact rates.
“Let those laws come on the books, get their insurance companies comfortable with them, ratepayers comfortable with them, and then maybe we can look at it again in the future. So, I don’t know how much more we’re going to do, as it relates to auto insurance,” Henry said.
The legislative session begins March 9th and ends June 1st.