The state legislature approved $325 million dollars worth of road improvement projects for rural areas of the state last year. The projects are slated to be completed over a three year span. The Department of Transportation announced on Friday evening that they’ll borrow the money in chunks, instead of all at once, as planned. Commissioner of Administration Kristy Nichols said in a statement that’s to relieve the state budget of baring the three-year fiscal load in one year.
But State Treasurer John Kennedy said borrowing money in stages doesn’t make financial sense.
Former New Orleans mayor Ray Nagin has been indicted on 21 counts of bribery and other corruption charges by a federal grand jury. When he became the city's mayor in 2002, Nagin, a former cable TV executive, promised to revive New Orleans' economy, and its trust in the city's government.
Representatives Kirk Talbot and Cameron Henry have made waves about the constitutionality of the budget before. Talbot led a group of 19 GOP lawmakers that appealed to State Attorney General Buddy Caldwell with the same concerns last fall. Caldwell suggested the lawmakers go directly to the courts.
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.
Originally published on Thu January 10, 2013 9:20 am
It's amazing how many different kinds of people have been trying to abolish or at least change the government's payments to farmers. They include economists, environmentalists, taxpayer advocates, global anti-hunger advocates and even a lot of farmers. Some have been fighting farm subsidies for the past 20 years.
This past year, those critics laid siege to offices on Capitol Hill because the law that authorizes these programs — the farm bill — was about to expire. (It has to be renewed every five years.)
Senator David Vitter made his opinion of Senator Harry Reid clear this morning via twitter. "Sadly," Vitter wrote, "Harry Reid has again revealed himself to be an idiot, this time gravely insulting Gulf Coast residents."