Month: August 2022

Link to theadvocate.com Parish Council finance chairman objects to large pay raises for LCG directors in 2022-23 budget  (opens in new window)

Lafayette Parish Council Finance Committee Chairman Kevin Naquin wants to remove from the proposed 2022-23 budget large pay raises for directors and other non civil service employees of Lafayette Consolidated Government.

Mayor-President Josh Guillory proposed pay raises in excess of $30,000 for some administrators who serve at his pleasure. Also in the proposed budget are raises between $8,000 and $20,000 for council administrative staff.

Source: The Advocate

Link to theadvertiser.com Lafayette gov. wins appeal of land grab for Lake Farm detention pond (opens in new window)

The appellate court’s ruling reverses a ruling by a Lafayette judge who found LCG failed to prove the detention pond project was conceived using “best modern practices,” which is required under state law.

That requirement became central to Lafayette Judge Michelle Breaux’s October ruling in favor of the Randol family.

Source: The Advertiser

Link to bloomberg.com Fracking Profits Finally Blossoming After Decade of Steep Losses  (opens in new window)

From 2020 to the end of the second quarter, they’ll have reaped more than $85 billion, according to estimates, and the gains are forecast to continue at least through the rest of this year.

It’s a vindication of the sector’s new business model that prizes profits over production growth. For consumers, it’s a sign that shale is no longer willing to fund money-losing drilling projects that ensured years of ample crude and natural gas supplies.

Source: Bloomberg

Link to theadvocate.com Lafayette asks judge to reconsider dismissing St. Martin Parish from federal spoil bank lawsuit  (opens in new window)

Lafayette wanted a judge to declare it followed all rules and regulations in February when, at night, it had a contractor remove the spoil bank, an unofficial levee created along the Vermilion River bank decades ago when the Corps dumped material it dredged from the river. St. Martin Parish alleged LCG needed its permission to conduct the work.

Source: The Advocate