Coronavirus, oil glut could cost local governments $1B

Coronavirus

NEW ORLEANS (AP) — A report from Louisiana’s Legislative Auditor says losses to local governments in the state could total more than $1 billion over two fiscal years as a result of the coronavirus fight and an oversupply of oil on the world market.  

Thursday’s report comes as Gov. John Bel Edwards weighs a variety of factors as he decides whether and how to allow businesses to reopen after May 15.

That’s when his current stay-at-home emergency order expires.  The number of confirmed coronavirus cases in Louisiana stands at 30,652 as Thursday. That’s an increase of 253 from a day earlier.

However, statewide hospitalizations — at 1,465 — are down from more than 2,100 in early April.  There have been 2,135 deaths as of Thursday.

More than 20,000 people are presumed recovered. 

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