In one week, Jon Bel Edwards, will be sworn in as the next Governor of Louisiana replacing Bobby Jindal. Jindal was inaugurated into office in January 2008.
Edwards, a Democrat, defeated David Vitter in the hotly-spirited runoff in December 2015.
The Louisiana legislature has determined that it is raining a major budget shortfall, thus, it has tapped into the "Rainy Day" Fund, as requested by Louisiana Governor Bobby Jindal.
The Rainy Day Fund, formally known as the Budget Stabilization Fund, is designed to help cover the state's budget shortfall.
by Jim Brown
In the numerous gubernatorial debates that have taken place over the past year, candidates have been asked time and time again what they will do about the massive fiscal debt that continues to grow. How will they fill the financial hole that some say will approach two billion dollars in the coming year?
by Lou Gehrig Burnett, Publisher of Fax-Net
Nine for governor
Nine candidates qualified for the coveted post of governor of Louisiana last week – three Democrats, three Republicans, two No Party, and one Other Party.
But the race remains a four-man battle between Republicans U.S. Sen. David Vitter, Public Service Commissioner Scott Angelle, and Lt. Gov. Jay Dardenne and Democratic state Rep. John Bel Edwards.
Advocates of tax-and-spend government ought to be increasingly happy at the turn of fiscal events in Louisiana. Not only did they get several hundred million dollars in tax increases for this current budget, they might be in line to do it again with next year’s – if the public buys their specious argument that this represents the only alternative.
In Louisiana, no news is good news, when it comes to the budget. In fact, sometimes bad news can be good news, relatively speaking.
Unfortunately, today is not a "no-news" day here in Louisiana.
The bad news?
by Jim Brown
If there was one area of financial help that could have and should have been addressed by the Louisiana legislature in its recent session, it was insurance reform. After all, a Dallas-based research firm completed a new study last month that concluded that Louisianans pay a greater percentage of their annual income for insurance than folks in any other state. How did the legislature respond to this dubious honor? They took quick action and raised every Louisiana policyholder’s insurance rates.
The Legislature just raised taxes by $400 million with a simple majority vote. The business community has filed a lawsuit contending that a two-thirds' vote was required. If the business community loses, we should amend Louisiana's constitution to make the two-thirds' vote requirement clear. Here's why.
Labor Day is now on the horizons. Louisiana elections season 2015 is about to heat up as the dog day of the summer begin to wake from its slumber. Which means, it's time to get out the digital pen and start asking Southern Media and Opinion Research pollster Bernie Pinsonat, some pertinent questions about the future of the Louisiana electorate.
The Louisiana Association of Business and Industry (LABI) today released scores from its legislative scorecard for the 2015 regular legislative session, tracking the votes of individual members in both the House and Senate on specific legislative items LABI prioritized. LABI scored 28 bills in the House and 21 bills in the Senate in its compilation of the data.