Louisiana legislature

Louisiana legislature (146)

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Site for Louisiana legislative news, Louisiana legislators, legislature, Legislation, Louisiana budget, fiscal cliff

 

jbe alario speaker henry 4stepThe Louisiana capitol is ready to start its Louisiana Legislature tax chicken dance.  On one side of the floor are Governor, John Bel Edwards and democrats. On another side are fiscal conservatives.  And, in the middle are a group of lawmakers who believe the state is reaching a moment of urgency.

The question is—who’s going to take the first step and blink as the music is quickly getting ready to start?

 

jbe fiscal echoWinter is still here. The Louisiana days are getting a little longer. The threat of another special session to plug a massive hole in the budget is getting closer. 

The mantra of fiscal cliff still fills the air as it has now winter after winter, year after year.

fiscal cliff jbeLouisiana Governor John Bel Edwards is going on a full-court radio press to push his side of the fiscal cliff.

Today, the Governor sent out the below summary of his administration hitting the airwaves:

stephen waguespack small InPixioby Stephen Waguespack, President and CEO of Louisiana Association of Business and Industry (LABI)

Not sure if you have noticed or not, but there is something called the fiscal cliff looming in Louisiana. If you haven’t heard of it yet, sit tight, because you will hear a whole lot about it over the next few months.

The 2018 crisis will be filled with plenty of drama, finger pointing and inflammatory rhetoric. Every (former, current and future) politician will say it is the other (former, current and future) politician’s fault for the deficits and lack of agreement on the appropriate mixture of taxes and cuts to fill it.

Thursday, 25 January 2018 13:46

Louisiana takes wrong fork in its Insurance regulations

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forkedouisiana has one of the worst insurance regulatory environments in the nation. That is according to Washington-based conservative think tank R Street Institute in its 2017 Insurance Regulation Report Card just issued. And no, it’s not because of the trial lawyers or the big insurance companies. The blame is laid directly on the Louisiana legislature. In ranking states across the country, Louisiana was given an F.

brown scrubJim Brown, former State Senator, Louisiana Secretary of State and Insurance Commissioner, knows a little bit about the term, “scrub the budget”. That was the term famously used by former Governor Buddy Roemer, who came from election nowhere in the final weeks of the gubernatorial campaign, to beat then-incumbent Edwin Edwards, Billy Tauzin, Bob Livingston and Speedy Long in 1987.

budget cut capital 5The "Fiscal Cliff" is upon us and is making news throughout the state as once again, Louisiana is looking at a roughly one billion dollar hole, if not much more.

How will the state solve the fiscal problem remains to be seen.  Below are two perspectives, one from the conservative organization, Pelican Post and the second from Louisiana Budget Project.

budget 2018Today, Louisiana Governor John Bel Edwards released his $25.3 billion “doomsday” Louisiana operating budget outlining the worse case scenario for the upcoming budget year. The budget would devastate health services and sharply cut into the TOPS program.  After the budget was released, the Democrats released a statement concerned about what they call $2.4 billion dollars in cuts.

Edwards wants the Republican-controlled legislature to pass a replacement tax package.

edwards alarm smallThe sky is falling, the sky is falling.  At least the Louisiana fiscal sky is in a tailspin, or so says Governor John Bel Edwards and a number of legislative leaders.  The hue and cry is for one billion dollars in new taxes along with significant fee increases.  Even the local papers are chiming in with headlines like “The fiscal threat is real to colleges” and about to “get real.”  What a poor taxpayer to think?

edwards presser mar9The war of words over how to deal with a budget deficit or otherwise in Louisiana annual parlance, the fiscal cliff, is mounting as the temporary sales tax comes to an end this week. The sales tax brings roughly one billion dollars into the state coffers. 

Today, Louisiana Governor John Bel Edwards has taken to the press pulpit to argue that Republican moderates want a plan presented by their members but the fiscal conservatives refuse to present one, thus, a budgetary showdown that will result in major reductions in government spending.

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