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re: LA budget surplus now at $500M
Posted on 9/13/19 at 10:44 am to NPComb
Posted on 9/13/19 at 10:44 am to NPComb
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 on 9/13/19 at 10:46 am to Motorboat
How about returning to it the tax payers that they stole it from?
Posted on 9/13/19 at 10:47 am to Motorboat
Yay, more money for our state to waste. Maybe, we can reduce taxes and spending???
Posted on 9/13/19 at 10:50 am to Motorboat
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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