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Clarity on GOMESA funding and FY19 Annual Plan presented at CPRA board meeting

December 13, 2017

BATON ROUGE, LA – Dec. 13, 2017 – The Louisiana Coastal Protection and Restoration Authority (CPRA) Board heard clarification today on the significant reduction in projected revenues from the Gulf of Mexico Energy Security Act (GOMESA). Originally a maximum of $176 million was projected for Louisiana if federal Gulf energy revenues met a cap of $500 million. That would have meant $140 million for CPRA coastal projects and an additional $36 million for coastal parishes. The state and coastal parishes have been planning with those amounts in mind.