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re: La. issued 251 million in tax credits in 2013.

Posted on 6/2/14 at 1:35 pm to
Posted by doubleb
Baton Rouge
Member since Aug 2006
36353 posts
Posted on 6/2/14 at 1:35 pm to
In 2010 we spent 27 Billion.

Last year we spent approx. 24 Billion and this legislature just passed a 24.6 Billion dollar budget for the upcoming FY.

But I'm with you, if we do not need the 251 million, how about cutting income taxes for all that amount?

As for the 19 million dollar budget we had 10 years or so ago, I too would like to know where the additional money is going and where it is coming from. With the Feds so heavily involved it's hard to tell what our financial picture really is.

Posted by TROLA
BATON ROUGE
Member since Apr 2004
12471 posts
Posted on 6/2/14 at 1:41 pm to
I don't keep up with it as much as I used to but after Katrina, we had somewhere around 6-8 billion a year being dumped into the coffers from the Feds... That money is no more but we are still fighting the urge to spend.. We could've been better stewards of that money and while we did ok.. It's hard to justify major tax credits that are hard to quantify a return on.. I'm a believer of the film credits but there needs to be a cap or some type of tapering in the future
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