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re: LA budget surplus now at $500M

Posted on 9/13/19 at 10:44 am to
Posted by Motorboat
At the camp
Member since Oct 2007
22707 posts
Posted on 9/13/19 at 10:44 am to
quote:

Will it go towards infrastructure or social programs?




quote:

Once the $500 million surplus is finalized, about $125 million will automatically go to replenish the state's rainy day fund -- bringing it to its highest level since 2012, Dardenne said.

Another $50 million must go to pay down debt accrued by the state's pension systems. The rest of the money can go to coastal projects, capital outlay and transportation projects. Dardenne said those areas have "great needs," pointing to a nearly $15 billion backlog in road and bridge projects.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 9/13/19 at 10:46 am to
How about returning to it the tax payers that they stole it from?
Posted by BugAC
St. George
Member since Oct 2007
52920 posts
Posted on 9/13/19 at 10:47 am to
Yay, more money for our state to waste. Maybe, we can reduce taxes and spending???


Posted by SlapahoeTribe
Tiger Nation
Member since Jul 2012
12124 posts
Posted on 9/13/19 at 10:50 am to
quote:

pointing to a nearly $15 billion backlog in road and bridge projects.


So we have a “surplus” of $0.5 billion but we’re $15.0 billion behind on work. That’s like bragging about how much money you have while the past-due and final-notice letters pile up in the mailbox. There’s a common phrase for that, but if I posted it then it would be marked unreadable and I’d be in ban land again.
This post was edited on 9/13/19 at 10:53 am
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