On Monday, the Louisiana legislature convenes at the state Capitol for another special fiscal session to make an attempt to fix, what we might call, the always-existing revenue hole fiscal cliff.
The general concept is to invest $200 million dollars of federal money and combine it with state and private investments.
(First published on the Louisiana Voice)
Gov. John Bel Edwards and the Louisiana Legislature could probably learn a thing or two about building budgetary surpluses from the St. Landry Parish Fire Protection District No. 2—except at least one St. Landry Parish citizens thinks the surplus may be the result of smoke and mirrors and a little voodoo tax millage assessment.
That Gov. John Bel Edwards endorsed sham “tax reform” in his
recent special session call becomes all the more apparent when another example surfaced of Louisiana’s subpar fiscal policy.
In the days prior to the session’s launch next week, the state announced Gameloft would close its New Orleans office, reneging on a deal to bring more jobs to the state. This meant it gave away nearly a million dollars over the past seven years to the gaming firm under the Digital Interactive Media and Software Tax Credit, or almost $25,000 per job created. The total amount actually comes close to $2 million, but the state plans on clawing back over half.
As much as the media might want to move on to the state of the economy and infrastructure, the Trump team just makes it impossible.