Each Louisiana taxpayer’s financial burden equals $16,800. Read report here: 2009 Louisiana Financial State of the State
Fiscal Watchdog Ranks Louisiana 43rd in Nation for Indebtedness(The Pelican Post) The Institute for Truth in Accounting’s state ranking for assets relative to liabilities, released this week, finds Louisiana to be the second most indebted state in the South. Despite a balanced budget requirement, Louisiana has still managed to acquire $21 billion more in liabilities than it has assets to offset them. That [...]
Shiela Weinberg interview with Louisiana’s Pelican Inst. for Public PolicyPodcast interview: Sheila Weinberg podcast interview with Louisiana’s Pelican Inst. for Public Policy
Louisiana Gov. Bobby Jindal outlines $107 million in state budget cutsBATON ROUGE — Gov. Bobby Jindal today said it’s time for state agencies to stop “whining” as he rolled out $107 million in mid-year budget cuts that will fall heavily on health-care and higher education. Jindal’s remarks came hours after the Joint Legislative Committee on the Budget formally recognized a $106.7 million deficit from the [...]
Lawsuit claims $200M owed to Louisiana ‘rainy day’ fund(Bloomberg Business Week) A lawsuit filed Monday challenges the way state lawmakers balanced last year’s budget with $200 million from Louisiana’s “rainy day” fund and seeks a repayment that could damage this year’s budget. Former state Rep. Ron Gomez of Lafayette is one of two plaintiffs on the lawsuit, which claims legislators violated the state [...]
Louisiana: Economic development in bad budget times(Business Week) Gov. Bobby Jindal’s state incentive-fueled plan to create jobs in Louisiana could be on a collision course with a state budget totally awash in red ink. The administration’s drive to bring new business to the state — and, naturally, increasing the number of jobholding taxpayers — has resulted in several major projects that [...]
Louisiana Budget AnalysisLouisiana Comptroller’s website: http://www.doa.louisiana.gov/osrap/index.htm Louisiana’s Comprehensive Annual Financial Reports can be found at: http://doa.louisiana.gov/osrap/CAFR-2.htm Louisiana is required to pass a “balanced budget”. Article VII, Section 10 of the Constitution ratified in 1974 states appropriations by the legislature from the State general fund and dedicated funds for any fiscal year shall not exceed the official forecast [...]
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