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re: Mexican standoff in the La. legislature.
Posted on 6/22/18 at 11:35 am to Tiger Prawn
Posted on 6/22/18 at 11:35 am to Tiger Prawn
quote:
With increased state income tax collections plus 1/3 cent sales tax, that covers around 2/3 of the billion dollars that the 1 cent tax was supposed to raise
not even half of the 1.4 billion falling off the books, and the 1/3 cent has failed so far
the turnaround in oil prices doesn't make up for much either
Posted on 6/22/18 at 11:42 am to 90proofprofessional
quote:
the turnaround in oil prices doesn't make up for much either
Do you know about what the state's revenue from oil was last year? Serious question...I did a quick search on it before my last post and couldn't really find anything. I would assume a 40% increase in oil price would be a decent sized revenue increase for LA
Posted on 6/22/18 at 11:47 am to 90proofprofessional
The fact is Edwards and the legislature needed to make major cuts in spending when he took over in 2015, but instead they tried to keep the status quo and add Medicaid Expansion. With the state in recession and folks leaving that is impossible without major tax increases that hurt the economy and push more folks out the door.
If we had begun to change out spending habits three years ago then a lot of this could have been avoided.
If we had begun to change out spending habits three years ago then a lot of this could have been avoided.
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