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Tuesday, 02 February 2016 14:19

Waguespack: The business of running Louisiana's budget

Written by

waguespack compressedby Stephen Waguespack, Publisher of Louisiana Association of Business and Industry
The Public Affairs Research Council (PAR), a well-respected good government group, declared in a 1988 report that, “Louisiana’s pattern of increased spending in boom times has resulted in an overall level of operating expenditures the state cannot support, even with frequent tax increases and budget cuts…State spending policies have remained essentially unchanged also – a plethora of programs and a large amount of state aid to local governments.”

vitter edwardsEver since December 2015, when the Jon Bel Edwards transition team first reported it had a serious budget hole in both the current and the next fiscal years, the drums began to beat to a crescendo-- blaming the incoming governor. 

gun constitutionDespite the political influence of the gun industry in Louisiana, with almost any legislator or Louisiana politician wanting public office, the gun industry's impact and the state's dependency is relatively insignificant compared to some other states.

ed chervenak2by Dr. Ed Chervenak, Political Science Professor, University of New Orleans

I have been following JBE’s first days in office. What we are seeing is the distinction of the politics of getting into office and the politics of governing. Once a candidate gains power, they are transformed. Where Edwards was the challenger and critic, he is now the head of the state government, and is responsible for its conduct.

 

trump engineSurprised?  Absolutely.

He’s not alone.  

 

mitchOn Wednesday, the President of the Monumental Task Committee, Pierre McGraw, filed a lawsuit in state court to stop the City of New Orleans from removing the Lee, Beauregard and Davis monuments.
McGraw cites a "constitutional right of the people to preserve their culture and history."

NOT OKThe horses are now in place for what might be a legendary budget showdown at the not-so-ok Louisiana capitol corral in Baton Rouge.

A new governor, Jon Bel Edwards, has inherited a nightmare of horror, a budgetary hole left by his predecessor, former Presidential hopeful and absentee landlord leader, republican Bobby Jindal, who is now living high on the hog at his own private mansion paid for the taxpayers.  Yet, Jindal’s boys and loyalists--  some who wear their hands dirty after sucking dry our well full of billion dollars, are now getting armed for the big fight.  And, it’s a’comin.

kate diDo you mind spending $10.00 for a magazine?

That’s with tax, but still– ten smackeroos?

edwardsLouisiana Governor Jon Bel Edwards indicated today that the state needs the sales tax increase of one penny, however, he also indicated that he wanted to work together with the legislature to meet middle ground and that it was one of a menu of items for the legislature to consider.

hecht hangout

The Advocate is reporting that “Nucor Corp. has written off $84.1 million worth of engineering and equipment for a proposed $1 billion blast furnace in St. James Parish, but the company may still build one.

louisiana legislatureAccording to Greg Hilburn, reporter for Gannett, the new House Speaker Taylor Barras, R-New Iberia will be announcing his chair positions today and those announcement just might stoke some political fires.

tree manParaphrasing but updating former Louisiana Senator Russell Long’s famous saying about how to raise revenue, “We’re going tax you, we’re going tax me, we’ll even tax that guy behind the tree.”  With only a few days in office, Louisiana’s new Governor John Bel Edwards wasted no time in echoing Chicken Little’s admonition that the sky is falling when it comes to having enough revenue for the Bayou State to pay its bills.

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