WRKF News

Sue Lincoln

“The best thing you can do for a stable funding for government is to have a well-balanced stool,” says state Representative Julie Stokes, who is also a certified public accountant.

But when your budget – your stool -- doesn’t balance, what do you do?

media commons

Louisiana's budget problems basically boil down to one thing – more money needing to go out than is coming in. When it comes to state retirement systems, that problem has a name: it's called the “UAL”.


Budget 101: Outgo

Jul 4, 2017
courtesy: Tax Structure Task Force

Yesterday we looked at state income, as part of Budget 101. Today we’ll look at the outgo.

Where does Louisiana spend its $9-billion of State General Fund revenue?  Let’s begin with what are known as “non-discretionary” items.


Budget 101: Income

Jul 3, 2017
LA Tax Reform Task Force

A new fiscal year started this past weekend, so this might be a good time for a basic review. Let’s call it “Budget 101”.

We’ll start with state income – also known as revenue. 


Many homeowners who flooded last August are making significant progress on home repairs. Others though are dealing with a second devastation, the betrayal of a trusted contractor.

billcassidy.com

In-state political issues have been taking center stage, but as Congress recesses for Independence Day, let’s check in on Louisiana’s delegation to Washington, D.C.


Wallis Watkins

Governor John Bel Edwards has signed nearly four hundred bills into law passed during the latest regular session. But he’s also used his veto pen on several bills. 


courtesy: USDOJ

“You may disagree with who Alton Sterling was as a person, but look at his children. There’s five children that have to be taken care of for the rest of their life – five!” attorney Chris Stewart said, after filing a wrongful death suit on behalf of Sterling's children.


allianceswla.org

Whether it’s refundable tax credits, a decade's worth of property tax forgiveness, or cash up front, Louisiana is making deals with industry. In fact, state Economic Development Secretary Don Pierson has a new video out about it.


npr.org

The latest state employment figures are out, and the song remains the same one we’ve heard before from legislative fiscal analyst Greg Albrecht.

“We’ve been in a real decline, while the rest of the country has not. What we really need is job growth.”

Louisiana’s 5.7% unemployment rate, compared to the national average of 4.3%, is impacting sales tax and personal income tax collections, which together make up 61% of total state revenue.

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