More bad news for Louisiana, Governor Jindal, the Louisiana legislature, LSU and Louisiana public universities. Today, Treasurer John Kennedy announced that the $1.6B budget deficit has struck again, hitting LSU with an uppercut at a time that it is already severely bloodied.
The Public Affairs Research Council of Louisiana has released an analysis of the budget crises today which it calls--Budget Vertigo—“Magic rabbits, hidden holes and sleights of hand are not the only potential solutions to our fiscal challenge”
Perhaps a little less valedictory but mostly predictably, Gov. Bobby Jindal gave his swan song State of the State address to open the 2015 Regular Session of the Louisiana Legislature, determined to go out in his own way, in his own time, both putting a period on his attempted transformation of the state and starting a new chapter outside of it.
With Louisiana facing a $1.6B deficit, just how is the state's economy doing so legislators can determine its future revenues based upon growth opportunities.
Hard, difficult, tough choices, for sure.
It will not be easy to plug a $1.6 billion dollar budget deficit this spring that could put Louisiana healthcare, higher education and other state services on the mat.
On Monday April 13, the Louisiana legislative session begins.
This is not like any legislative session. The state has a serious fiscal problem. It is $1.6B dollars short of expenses. Many are wondering how the state will fix the problem, if it can.
Many of us been called “Bobby Jindal haters”.
We’ve been explaining now for years that Louisiana Governor Bobby Jindal is not only far-removed from being presidential material, but, because of his own personal failings, he is light-years away from being gubernatorial quality.
Louisiana is on a crash course this legislative year to disaster. According to Bernie Pinsonat, pollster political and analyst, the budget hole is too deep this year.
Pinsonat said in a recent interview with Stephen Sabludowsky, Publisher of Bayoubuzz that It will take shared sacrifice and an effort by the governor. But, will the governor be a player? What if he is not?
While the news media focuses upon the major Louisiana budget gap of roughly $1.6B, hard decisions need to be made, within a backdrop that voters might not understand the enormity of the budget cuts needed and the changes that need to be made to get through the upcoming legislative session.
by Rep. Tim Burns, Member of the Louisiana House of Representatives
Louisiana is facing perhaps its worst fiscal crises in decades and this time no one is exaggerating for political rhetoric purposes. I spoke recently to the state’s chief economist, who put it quite bluntly; “We have a $1.6 billion deficit and this one is REAL. Listen to me! It’s REAL!” It’s not as if the other deficits were fake, but they always happened to be paired with some handy one time money to fill the gap. This time there’s no Katrina money or stimulus money or BP money or rainy day money or some other money pot or two tucked away somewhere convenient that’s going to magically appear to save the day.