Representative Kevin Pearson, chairman of the House Retirement Committee, has prepared a bill that he hopes will improve the cash balance plan – despite that the plan is the subject of ongoing litigation. The plan was overturned in court because it didn’t get a two-thirds vote in the legislature.
If the State Supreme Court does uphold the decision, the bill could be used as a safety-net, and the cash balance plan could be brought before the legislature a second time.
Do you pay your neighbor's son to mow your lawn? Under Gov. Jindal's tax plan, he may legally have to add a sales tax to his total. -But that's only if that service is approved to be taxed by the parish you live in, according to the state constitution.
Lawmakers from both sides of the aisle are voicing their skepticism of Governor Bobby Jindal’s tax overhauls. The forum this morning: an annual pre-session briefing hosted by the Louisiana Association of Business and Industry.
Jim Patterson of LABI kicked off the presentation with what he’s heard from legislators about their private talks with Governor regarding his still unreleased tax overhauls. "[Gov. Jindal] does want to conform the local sales tax base to the state tax base," Patterson said. "This will help local governments to absorb what are going to be some relegation of services by the state to them.
The group of legislators that routinely opposes Governor Bobby Jindal's use of one-time money in his proposed budgets met over the weekend, and may soon have an alternate way to fund some of higher education's budget.
Last year, the fiscal hawks proposed over $160 million of cuts to lower priority areas of the budget. Representative Kirk Talbot, a leader of the group, says those weren’t considered until the mid-year shortfall. They’ll try again this year.
Governor Bobby Jindal wants to utilize one-time funds to keep the state afloat. Jindal's proposed budget was unveiled Friday to the Legislature's Joint Committee on the Budget.
The Governor's budget it $24.7 billion in size. One-time funds make up only $424 million of it – but last year, the budget’s use of one-time funds was smaller than that, and those funds not coming through were partially to blame for mid-year budget cuts.
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.
It’s been 200 days since a sinkhole forced residents of Bayou Corne to evacuate their homes.
Homeowners are fed up. Some testified at a Joint Committee meeting Tuesday at the Capitol. Some are calling for Texas Brine – the company responsible for the failed salt-mining cavern that allegedly caused the sinkhole – to buy out their properties.