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Louisiana budget woes, taxes scares and end the film industry?

Want more great Youtube videos, news and information? Subscribe to our daily Bayoubuzz newsletter http://vid.io/xqtE for your Louisiana, New Orleans, news, sports, information, politics and important information. Louisiana budget woes, taxes scares and end the film industry? Does Louisiana need to raise taxes again this legislative session? How did we get into the mess where our budget woes have become an annual event or "rite of spring legislative session"? Where do we cut, whether we raise taxes or not? What about the film industry tax credits? Should they be pared back, expanded or eliminated altogether? These are some of the topics Louisiana Senator Conrad Appel discussed during the last part of a online video Facebook Live interview, which took place last week. According to the Senator, before Hurricane Katrina, the budget was around 15 million and that after Hurricane Katrina came "we got a massive spike of revenues to save Louisiana-- some federal, some insurance money". He said that "just prior to my election (Louisiana) went on a spending spree and they spent like drunken sailors on using one-time money to fund recurring expenses". However, Appel submits, that now we're at about $53 dollars a barrel and it is not going back up to where it was any time soon. Appel said, " Oil, in and of itself doesn't representing massive amount of our budget like it once did but it represents jobs and business taxes personal and business tax is coming from jobs when oil prices are low and there's no exploration, you lose all these jobs and you lose all these corporations and so that we're not getting the cash, so now we're at a new norm, the state is at a new normal that's the spending part" The Senator also said, " we need to align spending with revenue that's what you're hearing out of the legislature--it's not just cut taxes. it's we shouldn't be spending in excess of what is a reasonable amount of revenue for state Louisiana based on the economy that we're living in". One of the industries that has felt the impact of government cuts, over the past couple of years has been the film industry. The tax credit program, which once was helping to attract top films has been pared down and the films that bolted Louisiana to the very top in the industry worldwide are now moving to Georgia which has implemented a similar tax credit program. Appel, whose district (Metairie) is a large beneficiary of the tax credits since it is a suburb of New Orleans, believes the program is too expensive and cited a recent study that shows that Louisiana. In short, he is in favor of reducing the tax credits further, even eliminating the program altogether this year, if necessary. He know his position is not a popular one in Metairie but feels the state must live within its means. Watch the video for the complete segment


New Orleans & Louisiana Tourism Day 2013 Mardi Gras parade and rally
New Orleans & Louisiana Tourism Day 2013 Mardi Gras parade and rally
Louisiana economy and flood insurance crises: Louisiana Realtors
Louisiana economy and flood insurance crises: Louisiana Realtors
INTERVIEW:  LABI’S Stephen Waguespack: Jindal, Juneau
INTERVIEW: LABI'S Stephen Waguespack: Jindal, Juneau

Gov. Jindal Talks Harnessing Energy To Create Economic Growth
Gov. Jindal Talks Harnessing Energy To Create Economic Growth
Mark Romig talks 2013 record breaking New Orleans tourism year
Mark Romig talks 2013 record breaking New Orleans tourism year
Jindal, Louisiana budget, legislature and jobs quandaries
Jindal, Louisiana budget, legislature and jobs quandaries

Erin Brady, Miss USA 2013 Bayoubuzz.com Google Hangout Interview, Part I
Erin Brady, Miss USA 2013 Bayoubuzz.com Google Hangout Interview, Part I
Racetrack, Indy 500, Jindal and Louisiana Disabled Fund
Racetrack, Indy 500, Jindal and Louisiana Disabled Fund
Jindal abandons Louisiana coast, funded by Oil, Gas money
Jindal abandons Louisiana coast, funded by Oil, Gas money

Festigals’ Diane Lyons to women: Come to New Orleans, enjoy time for you
Festigals' Diane Lyons to women: Come to New Orleans, enjoy time for you
Mark Romig of New Orleans tourism marketing: Summer months, opportunities
Mark Romig of New Orleans tourism marketing: Summer months, opportunities
Mark Romig talks New Orleans, Idea Village, Po Boy Fest--Part 2
Mark Romig talks New Orleans, Idea Village, Po Boy Fest--Part 2

Diane Lyons of Festigals discusses schedule for New Orleans women event
Diane Lyons of Festigals discusses schedule for New Orleans women event
GNO Michael Hecht talks New Orleans, Louisiana economic development
GNO Michael Hecht talks New Orleans, Louisiana economic development
Michael Hecht explains Louisiana, New Orleans economy
Michael Hecht explains Louisiana, New Orleans economy

BRAC’s Adam Knapp discusses upcoming statewide Louisiana Economic Development summit
BRAC’s Adam Knapp discusses upcoming statewide Louisiana Economic Development summit
New Orleans’s Shark Tank alum, Lisa Lloyd, got license from Hard Knocks U
New Orleans's Shark Tank alum, Lisa Lloyd, got license from Hard Knocks U
Lisa Lloyd, from Shark Tank and Beyond to Masque Rage rave
Lisa Lloyd, from Shark Tank and Beyond to Masque Rage rave

Music, tech startups, investors collide at Collision New Orleans, April 26-28
Music, tech startups, investors collide at Collision New Orleans, April 26-28
Collision in New Orleans connects technology startups with investors
Collision in New Orleans connects technology startups with investors
Using Cinamaker at Collision conference in New Orleans, revolutionizing video ops
Using Cinamaker at Collision conference in New Orleans, revolutionizing video ops

Virtual Reality exhibit of YouVisit.com at Collision Conf in New Orleans 2016
Virtual Reality exhibit of YouVisit.com at Collision Conf in New Orleans 2016
HCLA Warren Hebert talks with Christopher Attaya about re-admissions/re-hospitalizations
HCLA Warren Hebert talks with Christopher Attaya about re-admissions/re-hospitalizations
Facebook Live vid: Scott Scowcroft  talks Online Video &  Live Streaming
Facebook Live vid: Scott Scowcroft talks Online Video & Live Streaming

Arnie Fielkow talks NBA retired players involvment in New Orleans
Arnie Fielkow talks NBA retired players involvment in New Orleans
Donelon says flood insurance is best buy Louisiana property owners can make
Donelon says flood insurance is "best buy" Louisiana property owners can make
Jim Donelon cites limited options if flooded Louisiana property has no flood insurance
Jim Donelon cites limited options if flooded Louisiana property has no flood insurance

Louisiana Entertainment Exec. Director Stelly to talk Louisiana film, music, interactive media, more
Louisiana Entertainment Exec. Director Stelly to talk Louisiana film, music, interactive media, more
Chris Stelly Louisiana entertainment industry competitive, film industry strong, after budget woes
Chris Stelly Louisiana entertainment industry competitive, film industry strong, after budget woes
LED’s Chris Stelly: Tax credits helping Louisiana music recording industry
LED's Chris Stelly: Tax credits helping Louisiana music recording industry

Louisiana entertainment, Chris Stelly,  Digital Interactive Media growth & booming opportunities
Louisiana entertainment, Chris Stelly, Digital Interactive Media growth & booming opportunities
Stelly talks Louisiana Entertainment tax credit programs cross-pollination
Stelly talks Louisiana Entertainment tax credit programs cross-pollination
Chris Stelly talks about Louisiana Live Performance tax credit program
Chris Stelly talks about Louisiana Live Performance tax credit program

Traditional Louisiana industries benefit from Louisiana entertainment incentives
Traditional Louisiana industries benefit from Louisiana entertainment incentives
Congressman Garret Graves heads critical infrastructure subcommittee talks Trump, US infrastructure
Congressman Garret Graves heads critical infrastructure subcommittee talks Trump, US infrastructure
Congressman Garret Graves says we must get Louisiana coast right
Congressman Garret Graves says we must get Louisiana coast right

Mark Romig talks NBA All Star game,  New Orleans tourism economic development
Mark Romig talks NBA All Star game, New Orleans tourism economic development
Mark Romig touts Follow Your Nola for tourists visiting New Orleans
Mark Romig touts "Follow Your Nola" for tourists visiting New Orleans
Romig’s, Stephen Perry’s New Orleans tourism organizations differences?
Romig's, Stephen Perry's New Orleans tourism organizations differences?

DDD’s Kurt Weigle talks what’s special about New Orleans CBD
DDD's Kurt Weigle talks what's special about New Orleans CBD
Collision Conference In New Orleans CBD: Where entrepreneurship meets tech, digital media and fun
Collision Conference In New Orleans CBD: Where entrepreneurship meets tech, digital media and fun
DDD’s Weigle praises YLC’s Wednesday at the Square, talks green space and legal structure
DDD’s Weigle praises YLC’s Wednesday at the Square, talks green space and legal structure

Michael Hecht discusses Louisiana digital media, major New Orleans conventions & related economic de
Michael Hecht discusses Louisiana digital media, major New Orleans conventions & related economic de
Online video, social media collide in revolution: Internet future, positive or negative?
Online video, social media collide in revolution: Internet future, positive or negative?
If you’re a techie, entrepreneur, Collision Conference in New Orleans is for you
If you're a techie, entrepreneur, Collision Conference in New Orleans is for you

Louisiana budget woes, taxes scares and end the film industry?
Louisiana budget woes, taxes scares and end the film industry?
Collision Conference in New Orleans, re-branded with additional industry focus
Collision Conference in New Orleans, re-branded with additional industry focus
Why the Louisiana coast is so critical to all of the state and to America
Why the Louisiana coast is so critical to all of the state and to America

Louisiana Association and Business and Industry, LABI, Waguespack talks Louisiana budget woes 2017
Louisiana Association and Business and Industry, LABI, Waguespack talks Louisiana budget woes 2017
LABI’S Stephen Waguespack: Governor Edwards budget, fiscal cliff, government growth
LABI’S Stephen Waguespack: Governor Edwards budget, fiscal cliff, government growth