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re: Louisiana’s massive fiscal surplus -ideas
Posted on 3/28/23 at 9:15 am to Oilfieldbiology
Posted on 3/28/23 at 9:15 am to Oilfieldbiology
quote:
We could lower taxes. But is this surplus from things like sales, salary, and property taxes or from very high crude oil Prices last year?
This is what they should do, but it would require some actual work. Because by law, they cannot plan to operate at a deficit, so they can’t lower the budget to use some of that surplus. But, if they actually fix their projections they could lower the State sales tax rates. And eventually that new projection will miss and they’ll eat into the surplus.
But, that requires some actual work and planning. But, they’ll probably just give everyone in the state government a raise and use the funds that way
0
Posted on 3/28/23 at 9:16 am to Oilfieldbiology
Teacher pay raises duh
Posted on 3/28/23 at 9:17 am to SlidellCajun
quote:
Let’s just hope they don’t piss it away
I mean this is Louisiana we're talking about. It should definitely go towards infrastructure improvement, but there will be a ton of pork projects granted money, and public service workers fittin' to eat. The state legislature is already trying to pass a bill to give themselves a 300% pay raise.
Posted on 3/28/23 at 9:26 am to tigerinexile
quote:
Give it back to the tax payers not just tax filers, but to the actual people that they stole it from.
Louisiana is near the bottom in every major metric and has crumbling infrastructure and bridges that are about to fall down. lmao.
I'm sure more tax cuts will solve those problems...
Posted on 3/28/23 at 9:27 am to Pandy Fackler
quote:
Every frickin' dime should go back to the people who obviously overpaid in taxes.
Not exactly
The state gets federal funds and a lot of it is royalty money from oil and gas which has been doing well for a few years
Posted on 3/28/23 at 9:29 am to SlidellCajun
It should used for tax credits for legitimate out of state corporations coming in to build mfg and support facilities.
But it will likely just go towards lining their buddies pockets
But it will likely just go towards lining their buddies pockets
Posted on 3/28/23 at 9:57 am to SlidellCajun
quote:
Let’s just hope they don’t piss it away
Elect a republican governor and we will be in deficit in 18 months.
Posted on 3/28/23 at 10:00 am to lowhound
quote:
It should definitely go towards infrastructure improvement
Bingo. This should be long-term investment money. Education, infrastructure, drainage, pollution abatement, coastal protection, etc.
Posted on 3/28/23 at 10:03 am to michael corleone
quote:
Why not give it back to the taxpayers as promised in 2017 when they raised taxes?
Link?
Posted on 3/28/23 at 10:09 am to TBoy
quote:
Elect a republican governor and we will be in deficit in 18 months.
This fella is wise….. yep sho is
Posted on 3/28/23 at 10:35 am to SlidellCajun
Every penny to infrastructure.
Also, is this a true surplus? Or is some of this $ 1 billion+ from the government Covid handouts?
Also, is this a true surplus? Or is some of this $ 1 billion+ from the government Covid handouts?
Posted on 3/28/23 at 10:37 am to fightin tigers
Infrastructure resilience for natural disasters
Posted on 3/28/23 at 10:37 am to carhartt
Looks like a lot of rusty stuff already feel in that river
Posted on 3/28/23 at 10:41 am to TBoy
quote:
Elect a republican governor and we will be in deficit in 18 months.
give it to your people and they'll piss it away on social programs that benefit nutjobs who want to shoot up schools.
Posted on 3/28/23 at 10:45 am to TBoy
quote:
Elect a republican governor and we will be in deficit in 18 months.
Elect a democrat and we will all be locked in our homes with no jobs and our money going to the leeches of society. While being forced in to medical procedures by the government.
And as a bonus we get to pay for tranny surgeries.
This post was edited on 3/28/23 at 10:46 am
Posted on 3/28/23 at 10:53 am to jclem11
quote:
m sure more tax cuts will solve those
If they spend it or give it back the infrastructure will still be crumbling. I’ve lived here long enough to know that.
Posted on 3/28/23 at 11:03 am to SlidellCajun
Infuriating that I have to write these thieves a 1600 check in May.
Posted on 3/28/23 at 11:33 am to ragincajun03
quote:
I really don’t disagree, especially with vehicles getting much better gas mileage than when the tax was first established. However, I want some accounting for EV drivers to “pay their fair share” before us gasoline drivers have to fork over more money.
I agree, and it’s definitely going to become a bigger and bigger deal over the long term. They’ll have to find a way to charge EV users accordingly - either through registration fees, a mileage tax, or an electricity surtax. But the reality is that EV drivers account for a very small percentage of road mileage in Louisiana right now. I don’t know the exact number but all you have to do is drive around to see that it’s not much. Even if EV drivers paid double the per-mile taxes of ICE drivers, it wouldn’t make up the inflation losses.
The $0.19 state gas tax from 1990 would be worth $0.45 in 2023 dollars. Meanwhile, in 1990 the average fuel economy for passenger vehicles was 18.8 mpg. So in 1990, adjusting for inflation, that’s $0.45/gal / 18.8 mpg = $0.024 per mile driven.
Today’s average fuel economy for passenger vehicles is 22.9 mpg, at a current gas tax rate of $0.19/gal. So $0.008 per mile in 2023.
Our gas tax per mile was worth 3x as much in 1990, but we wonder why our roads are shite and we can’t build new bridges.
We should be putting every penny of the surplus into infrastructure but the politicians won’t be able to agree on where to use it, so they’ll probably spend it on some stupid shite instead.
Posted on 3/28/23 at 11:50 am to SlidellCajun
A new BR bridge can be fully paid for within a year!
Posted on 3/28/23 at 3:02 pm to SlidellCajun
Why not put that $1 billion in an investment fund and after a year use the interest/dividend to repair infrastructure ?
And never touch the principal.
And never touch the principal.
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