state budget

WRKF
3:01 am
Fri February 20, 2015

Joint Budget Committee to Vote on Mid-Year Cuts

The Joint Legislative Budget Committee meets today to vote on the governor’s plan for slicing $103-million from current year spending.

“These mid-year cuts are critical,” House Speaker Chuck Kleckley says of the painful necessity.


Read more
WRKF
3:01 am
Fri February 13, 2015

Louisiana Trying to Salvage Credit Rating

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.”


Read more
WRKF
3:01 am
Thu February 12, 2015

Unequal Cuts: Statewide Elected Officials Complain

Originally published on Thu February 12, 2015 7:18 am

Statewide elected officials believe the Jindal administration’s budget ax must have become dull from overuse, since the latest round of proposed cuts are far from even.

“The cuts seem to be disproportionate,” Lt. Governor Jay Dardenne observes.


Read more
WRKF
3:01 am
Wed February 11, 2015

Mid-Year Cuts May Pinch YOUR Pocketbook

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.

Read more
WRKF
3:01 am
Fri February 6, 2015

Tax Breaks Eyed for Bridging the Budget Gap

 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.


Read more
WRKF
3:01 am
Thu February 5, 2015

Finding a Path Off the Fiscal Cliff

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.”

Read more
WRKF
3:01 am
Tue February 3, 2015

Fiscal Cliff: The Oil Factors

Originally published on Tue February 3, 2015 5:45 am

“Prices at the pump don’t seem to have a bottom yet.” Legislative Fiscal Analyst Greg Albrecht says while that’s good for consumers, it’s very bad for the state budget.

Louisiana’s budget gap for the fiscal year that starts July 1, 2015 has widened by $400-million due to declining oil royalties and severance taxes — directly attributable to the fall in oil prices.


Read more
WRKF
3:01 am
Mon February 2, 2015

Falling Off the Fiscal Cliff

Originally published on Mon February 2, 2015 8:17 am

 $1,600,000,000.

“We need to appreciate what we’re saying when we say those words,” LSU economist Jim Richardson admonishes, as Louisiana is standing on the edge of a fiscal cliff.

“We simply do not have enough,” Richardson states.


Read more
WRKF
7:03 am
Fri November 28, 2014

Governor Searches the Couch Cushions to Pay State's Bills

Originally published on Thu December 4, 2014 4:23 pm

It has not been a terrific few weeks for state finances.

Oil revenues dropped. And then a $180 million hole appeared in the state budget.

Melinda Deslatte, AP reporter on the state budget beat, explains how Gov. Bobby Jindal plans to close the gap.


Read more
Red River Radio
8:48 am
Thu November 13, 2014

Public policy expert calls Louisiana's budget woes 'a perfect storm'

Barry Erwin, president of the Council for a Better Louisiana, will give a speech titled "Revenue and You" Thursday in Bossier City. Erwin calls it a "budget 101" type of talk.

A panel that oversees Louisiana’s income projections will meet Friday to look over revised revenue estimates for the current year.

Some members of the Revenue Estimating Conference expect to see a lower revenue projection than the one used to craft the state budget last spring.

Barry Erwin, president of the Council for a Better Louisiana, will speak about the state budget today in Bossier City. His nonprofit specializes in statewide public policy issues. Erwin says Louisiana is experiencing flat growth, which doesn’t square with all of the economic development activity.

Read more

Pages