What’s going to happen with the popular tuition program for Louisiana university students, called TOPS? Will any part of the penny sales tax that was passed as a temporary measure two years ago remain on the books? Back then, the legislature, facing a nearly one-billion dollar shortfall that needed to be made up in a matter of three months, arising from the Governor Bobby Jindal administration budget meltdown worsened by lower oil prices, opted for a single penny sales tax that will sunset later this year.
On Monday, Louisiana Governor John Bel Edwards addressed the legislature and the state in opening another special session to try to plug a fiscal hole.
Today, Bayoubuzz launched its first segment of its daily, twice per day segment discussing the legislative session, "Bayoubuzz Live: Louisiana Legislature", streamed to Facebook and Twitter.
It’s not so much whether Louisiana’s House of Representative’s Republican delegation can unite to address immediate fiscal concerns, but whether some faction of it will defect to hand Louisianans a big tax bill for the foreseeable future.
The Louisiana legislative fiscal session starts today, is scheduled for no more than 17 days. A week later, the regular session begins. For the first time ever, session watchers will be able to watch live streamed legislature information on Facebook and Twitter and on Bayoubuzz.com.
So, let the olympic-sized Louisiana legislative fiscal debate match begin!
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.
by Tom Aswell, Publisher of LouisianaVoice.com
(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.
Ready or not, the Louisiana spring special session is coming to a Capitol near you.
Louisiana Governor John Bel Edwards will call another special session for the Louisiana legislature, something he said he was not going to do unless there was an agreement between the Republican and Democratic parties.
Tomorrow, Governor John Bel Edwards is expected to call for a Louisiana legislative special session which would begin roughly seven days later, if things go as being reported. Edwards had urged the Republicans to come up with a plan to fix the roughly one billion dollar hole for the year starting July 1, 2018, or no session would be called.
They haven’t. Nonetheless, Edwards is left with little other choice. If they were to wait until after the regular session is complete, in the beginning of June, there would not be sufficient time for parents to plan for tuition, for schools to plan schedules and for hospitals to plan their respective budget which starts weeks later.