As lawmakers discuss how to fix the state budget shortfall and change the tax structure to prevent recurrence, “Stelly” keeps coming up.
“Once we gave up both sides of the Stelly equation, we’ve been in a jam for 7 years,” observed House Ways and Means vice-chair Julie Stokes.
But who or what is Stelly?
Vic Stelly was a Lake Charles Representative, who authored a tax restructuring plan the voters approved in 2002. It was designed to prevent the budget problems Louisiana currently faces.