New Orleans News

cash-floatby 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? 

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Lacapitol-red-blueby 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.

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Louisiana capitolAdvocates 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.

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one-time-moneyIn 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? 

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Louisiana capitolby 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. 

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kennedy-officeThe 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.

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PinsonatLabor 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.  

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labi-scoreThe 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.

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Air-Mary-Logo-Transparent-Two-ColorSuppose a Louisiana Democratic governor was on the road for roughly 40-50% of his days in office, yet, charging the Louisiana taxpayers the complete salary--plus millions of dollars in travel expenses for state police entourage?

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hilburnIs the Louisiana budget really balanced now that the Louisiana’s legislative session is history? If not, what will the state do to balance the budget?  Did the revenue measures have the required vote to pass or did they need two-thirds vote?  Since the budget next year appears to be just as bad as this year’s, will we see more taxes?  Are Republican officials in a position to raise more revenues through taxes and fees?

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