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re: TOPS payments stopped immediately due to state budget crisis

Posted on 2/11/16 at 6:48 pm to
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51419 posts
Posted on 2/11/16 at 6:48 pm to
I bet the state of Texas looks forward to taking the best and brightest students out of Louisiana. Here comes the brain drain.
Posted by loogaroo
Welsh
Member since Dec 2005
31242 posts
Posted on 2/11/16 at 7:05 pm to
Oil prices are more than likely the driver, but they will spend the new tax revenue before its collected.

LINK

Louisiana, which gets as much as 15 percent of its revenue from taxing oil extraction, is selling debt as slumping crude prices threaten to strain budgets of U.S. energy-producing states.
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