It's Louisiana budget sausage time once again and the House is looking at the Appropriations Bill today, hoping to make cuts, without the necessity of raising taxes.
The top two candidates, based upon recent polls, released details regarding their campaign contributions and cash-on-hand.
Based upon those recent polls, Republican John Kennedy and Democrat Foster Campbell lead the field of democrats and republicans.
Louisiana has some good revenue news, after being hit this week by Fitch's lowering of our credit rating. The good news, according to Treasurer John Kennedy's office? Revenues are improving, the decrease is not as bad as last year's.
Here is the treasurer's report
Should Louisiana not be able to pay for the roughly $300 bill for the popular tuition-assistance TOPS program for college students, it appears both the Louisiana governor and legislature could agree upon cross-the-board-cuts, instead of some other device, such as reducing the access to TOPS by the lower ACT scoring students.
Sure, as shooting, when it was announced that Fitch was lowering Louisiana's credit rating, the blame-game went in full gear.
Republican Treasurer John Kennedy and US Senate candidate announced the bad news and said, "This is what happens when you spend more than you take in for seven years running. It's disappointing but not surprising," said Treasurer Kennedy. "The rating agencies are tired ofLouisiana's accounting gimmicks and spending practices."
The Louisiana State Bond Commissioner has approved $209 million for projects. According to the Office of the Treasury, it saved more than $11.2 million by doing so at teh March 17 meeting.
by Lou Gehrig Burnett, Publisher of Fax-Net
Interesting Senate poll
There is a new poll on the Louisiana U.S. Senate race. But a word of caution. It is always prudent to determine who commissioned the poll
Report from the John Kennedy's Department of the Treasury concerrning revenues and receipts
According to a poll promoted by Treasurer John Kennedy's SuperPac "Make Louisiana Proud", the candidate for US Senate remains in the lead for that position and will be in the runoff and defeat that runoff opponent. Kennedy is a republican and according to the survey, leads his next closest republican competitors, Congressmen Charles Boustany and John Fleming. Rob Maness, also a Republican who ran for US Senate in 2014, trails as does former Congressman Joseph Cao.
We’re less than two days away from an exploding time bomb.
The minutes are ticking away. If the Louisiana legislature does not fix a budget hole, as big as the width of the state, it reportedly will be forced to shut down Universities and healthcare centers, kick students out from their semester classes and perhaps, even, bid farewell to the purple and gold for this autumn, the LSU Tigers.