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re: Louisiana closes last year with a $100M surplus
Posted on 9/20/17 at 2:23 pm to crewdepoo
Posted on 9/20/17 at 2:23 pm to crewdepoo
FYI
Has to be used for infrastructure or paying down debt.
A touch more complicated than that, but basically.
And yes you can have both a mid-year shortfall and a year end surplus.
Has to be used for infrastructure or paying down debt.
A touch more complicated than that, but basically.
And yes you can have both a mid-year shortfall and a year end surplus.
0
Posted on 9/20/17 at 2:35 pm to Esquire
quote:
Should be put towards investments in NBR
Pissing away money for $500, Alex.
Posted on 9/20/17 at 2:37 pm to crewdepoo
Yeah, that happens when you enact the highest state sales tax in the country
Posted on 9/20/17 at 2:38 pm to crewdepoo
And still don't have crap to show for it.
Posted on 9/20/17 at 2:40 pm to member12
quote:
Anything but infrastructure
I don't know. That Audubon Bridge was fricking clutch for like 30 people.
Posted on 9/20/17 at 2:48 pm to 90proofprofessional
If this is true then its about time we got some good news in this state.
Posted on 9/20/17 at 3:00 pm to Ancient Astronaut
Comite Diversion Project is being held up by the US Army Corps of Engineers.
Posted on 9/20/17 at 3:03 pm to crewdepoo
My suggestion is to put the down payment on a new bridge in lower Baton Rouge or Iberville. I'm sure we can get someone to talk to Trump. If I was Lt. Governor, I'd be on the phone trying to talk investment. Let's see who can carry the load for the state. Cassidy could start it going if he gets this healthcare thing done.
Posted on 9/20/17 at 3:18 pm to crewdepoo
Edwards doin work with fiscal responsibility. Republicans should take note
Posted on 9/20/17 at 3:28 pm to Lickitty Split
man, you guys are worse than the politicians, already arguing over how to spend
Posted on 9/20/17 at 3:43 pm to crewdepoo
BR LOOP HERE WE COME!!!!!!
Posted on 9/20/17 at 3:57 pm to crewdepoo
quote:
Louisiana closes last year with a $100M surplus
And lets watch JBE do diddly shite with it besides line up pockets of some friends with it.
He's still going to lose 2019 as long as the GOP gets the base out and there is no party infighting against the GOP frontrunner.
Posted on 9/20/17 at 4:16 pm to crewdepoo
Give it to TPC golf course and The Saints........wait a minute.....we already overpay both!
Posted on 9/20/17 at 5:23 pm to deltaland
quote:
Edwards doin work with fiscal responsibility
And a 1.2 Billion dollar tax increase that could have been only 1.1 Billion.
And btw, even Jindal finished the year with 100 million budget surpluses and he did it without raising taxes.
Posted on 9/20/17 at 6:03 pm to crewdepoo
So our citizens were overtaxed up to $160 million more than necessary by implementing a new "temporary" sales tax and it's considered a "bright spot".
News flash. This is only good news if taxes remained the same and we ended with a surplus.
News flash. This is only good news if taxes remained the same and we ended with a surplus.
Posted on 9/20/17 at 6:07 pm to crewdepoo
quote:
Louisiana closes last year with a $100M surplus
State Data Lab is really interesting when it comes to state finances. Louisiana owes more than it owns and ranks the 41st out of the 50 states.
Other interesting facts.
Louisiana's Taxpayer Burden™ is -$18,300, and received a "D" from TIA.
Louisiana only has $13.7 billion of assets available to pay bills totaling $37.3 billion.
Because Louisiana doesn't have enough money to pay its bills, it has a $23.7 billion financial hole. To fill it, each Louisiana taxpayer would have to send $18,300 to the state.
Because of an accounting rule implemented last year, Louisiana has to report its pension debt on its balance sheet. This year, the state's reported pension debt grew from $8.8 billion in 2015 to $9.5 billion in 2016.
Despite reporting most of its pension debt, the state is still hiding retiree health care debt. Louisiana's total hidden debt amounts to $5.9 billion. A new accounting standard will be implemented in two years, and will require states to report this debt on the balance sheet.
NOLA doesn't fare much better.
This post was edited on 9/20/17 at 6:09 pm
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