State officials have been burning up the phone lines between Baton Rouge and New York City this week, trying to stave off the threatened downgrade of Louisiana’s credit rating. State Treasurer John Kennedy says it’s been intense.
“We’re in trouble. I don’t want to overstate that, but I don’t want to sugarcoat it, either,” Kennedy says. “We’re in trouble with two of the three rating agencies. Moody’s and Standard & Poor’s have told us unless we get our fiscal affairs in order, they’re going to downgrade us.”
Originally published on Wed February 11, 2015 6:59 pm
Louisiana Agriculture Commissioner Mike Strain says the mid-year budget cuts proposed last week by the Jindal administration could end up costing you more at the grocery store and elsewhere.
“You know, if we downsize in meat inspection, that means plants will close,” Strain warns. And meat prices will go up.
The Department of Agriculture has been told to cut $2.6-million from its spending between now and June 30, and Strain says that means he will have no choice but to reduce the number of inspectors his department employs.
Originally published on Tue February 10, 2015 9:04 am
When Earl K. Long Hospital closed nearly two years ago, LSU’s private partner in Baton Rouge — Our Lady of the Lake — took over patient care, but refused to take care of inmates. That meant a whole lot of scrambling for Angola Warden Burl Cain.
Originally published on Mon February 9, 2015 10:19 am
Perhaps you know them as the “yellow shirts”. Certainly, state Senator Troy Brown of Napoleonville thinks of disabilities advocates that way.
“Y’all remember when y’all came with the yellow shirts? Let me tell you something. That works!” Brown offers as encouragement.
Disabilities advocates have been meeting with their local state lawmakers, trying to prepare for what promises to be an agonizing and contentious legislative session, as it centers on the budget and a $1.6-billion revenue shortfall.
This week on Le Show, Harry Shearer presents Brian Williams Misremembers, What the Frack, News of Secrets, The Apologies of the Week, News from Outside the Bubble, Let Us Try, News of Inspectors General, News of the Warm, and more.
Since it’s an election year, it’s highly unlikely that lawmakers will risk the wrath of voters or the governor by raising taxes to fill Louisiana’s $1.6-billion budget hole. But they will almost certainly be taking a hard look at state tax breaks to bridge the budget gap.
Originally published on Thu February 5, 2015 10:09 am
Finding the way down off the fiscal cliff could be as simple as turning around, and looking back at the path that brought us here.
“The root of our current budget problems goes back to the decision in 2008, under Gov. Jindal, to repeal the Stelly tax changes that voters passed in 2002,” says Louisiana Budget Project director Jan Moller. “That has taken about six to seven hundred million dollars our of our tax base every year.”
President Obama is proposing that an offshore revenue sharing plan, set to provide Louisiana millions of dollars in revenue for coastal restoration, be replaced with a plan that would spread that money across the nation for various issues.