Gov. Bobby Jindal invited the press to the Governor's Mansion for a brief preview of his budget, which will be unveiled in full Friday morning before the Joint Legislative Committee on the Budget.
The budget totals $24.7 billion. The governor says that's a billion dollar decrease from last year.
The Dept. of Health and Hospitals will see a cut of about $50 million because of a drop in federal funds. Jindal says the budget for higher education will see reductions because of the privatization of some of LSU’s hospitals, but not in other areas.
Gov. Bobby Jindal's tax reform proposals may include raising the tobacco excise tax. Health officials have suggested raising the tax by a dollar per pack. A study shows raising the tax by that much would raise $223 million a year – that’s almost enough to have closed this year’s $240 million budget gap.
Jindal has said his tax reforms would be revenue neutral, replacing the income tax with higher sales tax.
Political blogger Tom Aswell of LouisianaVoice.com and U.L.-Lafayette Political Science Professor Pearson Cross join Jim to talk about Governor Jindal, the Spring Legislative Session and other political matters in Louisiana.
Chuck Goodwin, with the Baton Rouge Gridiron Club, talks about the 18th Annual Bayou Bash LSU recruiting day event, tomorrow at the River Center.
WRKF's Kelly Connelly sat down with Dr. James Richardson to discuss the repercussions of Governor Bobby Jindal's tax reform proposals. Dr. Richardson is an economist with LSU and a member of Louisiana's Revenue Estimation Committee.
Credit EJ Ourso Business School, Louisiana State University
Governor Bobby Jindal is calling for legislators to eliminate the state income tax in the upcoming session.
The details of Jindal’s tax reform plan have not been released, but according to a written statement Jindal says his goal is to replace both personal income tax and corporate income tax with revenue from an increased sales tax. Jindal says the reforms would be enacted in such a way as to not decrease or increase the state’s revenue.