Jindal: Our 1.3 Billion Budget Hole
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re: Jindal: Our 1.3 Billion Budget Hole
Posted by brbandit on 1/31 at 11:23 am to BugAC
As a Louisiana Expat in TX, I can state the TX does have a Homestead Exemption, but it is so small in comparison to the huge $75k that LA holds so dear.

Higher property taxes are the answer rather than a 15%+ sales tax, but Jindal seems to be as stubborn as usual. Higher property taxes keeps your tax $s local, better schools, law enforcement, and hospitals. State government needs to shift that responsibility from Baton Rouge to the parishes and city.

That is how to manage state government. Reduce it; not grow it.



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Posted by Interception on 1/31 at 11:30 am to LSUgusto
quote:

And the natural gas boom means Louisiana is supposed to be rocking. Meanwhile, our roads are going to shite yet again.


I agree with your point but the roads may not be the best example because of what we build our roads on. It's a known fact the roads in Louisiana simply don't last as long because of the soil underneath. We spend a shitload on roads which is good because someone is always getting paid to repair or repave.



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Posted by Interception on 1/31 at 11:35 am to brbandit
quote:

Higher property taxes are the answer rather than a 15%+ sales tax, but Jindal seems to be as stubborn as usual. Higher property taxes keeps your tax $s local, better schools, law enforcement, and hospitals. State government needs to shift that responsibility from Baton Rouge to the parishes and city.

That is how to manage state government. Reduce it; not grow it.


Amen, but Jindal runs the risk of being seen as the man who raises property taxes vs a Chris Christie that has lowered New Jerseys the last few years.

You are right that property taxes are the best antidote. He has to shift the revenue source somewhere?



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Posted by ragincajun03 on 1/31 at 11:39 am to Colonel Flagg
quote:

I don't hear anything about the legislature confronting the problem. They are the group who has the power to really fix the problem.


LINK


Also, the Executive Branch delivers a budget to the House Appropriations committee. They then can approve, make changes, etc. The budget gets amended along the way.

One of the big problems right now is the 4th Floor's control over the Legislature, regardless who is Governor. Legislators are in part to blame, because they allow this. They want all their local re-election projects funded (which it should NOT be funded by the state), and they know if they buck the Governor's wishes one too many times, their line item will get nixed either right after the session or on its way to the Bond Commission.

This is why I like Jindal's proposal to eliminate state income taxes. However, I do NOT like the idea of simply swapping it for increases in state sales taxes. We would still be sending too much money to Baton Rouge for the 60-90 day Prostitution Fest every year.

The trade-off should consist of state government no longer funding so much local government wants/needs, reduce homestead exemption down to $10k like Texas, and allow local governments to increase local sales taxes higher (with a vote of the people). Empower the local governments to fund their own projects.



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Posted by brbandit on 1/31 at 11:40 am to Interception
Jindal's national profile trumps Louisiana's progress as a realistic player in the New South.


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Posted by BugAC on 1/31 at 11:41 am to Interception
quote:

Interception


Can you please provide a link/source to the 1.3 billion dollar budget deficit?



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Posted by doubleb on 1/31 at 11:47 am to Interception
Some information:

Louisian State Revenues:
2007 20.9 million
2008 17.0 million
2009 11.4 billion
2010 18.9 billion
2011 21.4 billion
2012 19.7 million (estimated)
Louisiana Spending:
2007 21.6 billion
2008 27.9 billion
2009 26.9 billion
2010 26.8 billion
2011 26.8 billion (estimated)

LINK



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Posted by lsuroadie on 1/31 at 11:50 am to Interception
quote:

Interception



You're entitled to your opinion.

That's all this is



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Posted by lsuroadie on 1/31 at 11:56 am to brbandit
quote:

but Jindal seems to be as stubborn as usual


Dude, any politician even attempting to mess with LA homestead exemption would be found at the bottom of whiskey bay tomorrow.

Repub or Dem



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Posted by BugAC on 1/31 at 11:57 am to doubleb
quote:

Louisian State Revenues:
2007 20.9 million
2008 17.0 million
2009 11.4 billion
2010 18.9 billion
2011 21.4 billion
2012 19.7 million (estimated)
Louisiana Spending:
2007 21.6 billion
2008 27.9 billion
2009 26.9 billion
2010 26.8 billion
2011 26.8 billion (estimated)


This isn't indicative of our economy.

for example, 2011 our net income was $42.7 billion including taxes, business, fees, etc... compared to 26.8 billion in spending. But i would be happy to see a cap on spending, so as spending can not exceed revenue.



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Posted by Fishwater on 1/31 at 12:33 pm to ragincajun03
quote:

Empower the local governments to fund their own projects.



I'm not sure I trust the local politicians anymore than I trust baton rouge. At least the entire state can hold (or try) the good boys of BR in check vs. just the locals here.



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Posted by WildTchoupitoulas on 1/31 at 12:45 pm to Antonio Moss
quote:

The spending isn't a new phenomenon. It's our state's inability to pay the ridiculous pensions of retired state works which were granted in the 60s-90s.

That has NOTHING to do with it.

It's mostly medicare/aid.



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Posted by Tim on 1/31 at 1:01 pm to WildTchoupitoulas
Texas does have Homestead Exemption, it's a small amount. The problem with property taxes is that it's progressive like the income tax. You are penalized for success. The one thing that I like about higher sales tax is that everyone pays. We need to get away from penalizing the successful.


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Posted by Powerman on 1/31 at 1:04 pm to bayoudude
quote:



But property taxes are much higher than ours. Jindal's plan seems to leave property taxes at current levels and only increase sales tax.


Right. You could pay off your house and have a 700 dollar note.



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Posted by doubleb on 1/31 at 1:05 pm to BugAC
quote:

for example, 2011 our net income was $42.7 billion including taxes, business, fees, etc...


The state's income for 2011 was 21.4 billion



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Posted by brbandit on 1/31 at 1:42 pm to Tim
How else would you assess property tax? The more valuable the home, the greater the millage.

I have less of a problem with this approach than the entire state paying 15% in sales tax.



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Posted by ragincajun03 on 1/31 at 1:44 pm to Fishwater
quote:

I'm not sure I trust the local politicians anymore than I trust baton rouge. At least the entire state can hold (or try) the good boys of BR in check vs. just the locals here.


At least it's easier for citizens who care enough to attend parish and city council meetings than have to take a month off of work to sit in Appropriations Committee hearings. If a local government screws up with the money it collects from its residents, then tough shite.

Why should I in Southwest Louisiana send my money to Baton Rouge to pay for some multi-million dollar arts building in Gretna?

Why should you, residing in "Angola Plantation", have to send money to Baton Rouge to pay for water meter replacements in Fenton?

Keep more of those tax dollars local, and make the local citizens hold their elected officials accountable. Trust me, the state taxpayers already neglect to hold their Legislators accountable. They can vote to fund all kinds of stupid shite under the sun, and 95% of the incumbents will get re-elected every single time.

Prime Examples: John Alario and Francis Thompson



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Posted by ragincajun03 on 1/31 at 1:47 pm to Tim
quote:

The one thing that I like about higher sales tax is that everyone pays. We need to get away from penalizing the successful.


Agreed. But I'd rather the revenue swap be eliminate state income tax and increase sales taxes on the local level for local government to fund their own needs. We currently send money that would be more effective remaining local to Baton Rouge so our "representatives" can have their votes bought and rub elbows in order to bring home the bacon. A larger part of the pig should have stayed with the local parish and municipality in the first place.



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Posted by mikelowery1911 on 1/31 at 1:48 pm to brbandit
quote:

Higher property taxes keeps your tax $s local, better schools, law enforcement, and hospitals. State government needs to shift that responsibility from Baton Rouge to the parishes and city.

That is how to manage state government. Reduce it; not grow it.


The governor knows this. However these steps would decrease his power so it is not happening



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Posted by BugAC on 1/31 at 1:48 pm to ragincajun03
quote:

A larger part of the pig should have stayed with the local parish and municipality in the first place.


Doesn't that already happen? Not every Parish has the same sales tax.



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