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Message
re: Louisiana Budget 101
Posted on 5/26/18 at 11:46 am to Gaspergou202
Posted on 5/26/18 at 11:46 am to Gaspergou202
quote:
This showed the exact opposite! We did not stabilize the budget despite increasing oil revenue, and we haven’t cut taxes!
This is incorrect - the state can reduce the rate from 5 last year to 4.5 in the coming and generate roughly the same amount of revenue. Yes oil helps, but jobs are growing as well.
quote:
2016/17 $28,356.600,000 JBE’s 1st budget, I detect a big spender here!
Firstly your numbers aren't matching what I can find. But anyway, most of this increase comes from federal funding (medicaid expansion) as discussed by the OP. And by the way the state matches came from medical providers who agreed to tax themselves to pay for it because it would cut down on uninsured that us insured folks have to subsidize.
Another thing that makes comparisons unfair is that Jindal sold off a huge amount of state property which then had to be leased back - office buildings, parking garages, prisons etc. Thus you add to the budget because you now have to pay rent to use something the state previously owned. And don't forget all of the trust funds that were raided. You used to have these invested and only spent the interest. Once that the principal was taken to plug budget holes, that interest revenue had to be replaced with taxes.
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