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Spinoff of NOLA Budget Deficit Thread: Every City/Town in LA in Trouble
Posted on 4/10/20 at 11:21 am
Posted on 4/10/20 at 11:21 am
Most every municipality in this state functions in part off sales tax revenue. NO and BR will take the biggest hit, but Central, Zachary, Mandeville, et al won't be far behind. Combined with the situation at the state level and the price of gas falling, everyone is gonna feel this.
Hopefully we can maintain basic public services. However, if you look at the financial statements of most public utilities in the state, NO SWB won't be the only one in serious trouble.
Hopefully we can maintain basic public services. However, if you look at the financial statements of most public utilities in the state, NO SWB won't be the only one in serious trouble.
8
Posted on 4/10/20 at 11:34 am to NOLALGD
The local governments will get hammered on sales tax collections. The state on income, sales, oil revenues and casino revenues.
Posted on 4/10/20 at 11:35 am to NOLALGD
Think of the police departments and how they usually make tons of money writing tickets, etc. There are going to be lots of shortfalls or they will be ticketing every person out there when things get back to normal to make up for lost $$$.
Posted on 4/10/20 at 11:38 am to NOLALGD
quote:
Every City/Town in LA in Trouble
Good hope it all crashes and Louisiana can start from scratch and do it the right way this time. The festering corruptness is deplorable.
Posted on 4/10/20 at 11:39 am to NOLALGD
Sulphur just laid off most of its employees, per a post I saw on FB yesterday
Posted on 4/10/20 at 11:41 am to Big EZ Tiger
Since there’s no cars on the roads maybe the cops can go after real criminals like people in north Baton Rouge rather than harassing people for victimless crimes like speeding and open container
Posted on 4/10/20 at 11:51 am to el Gaucho
The taxpayers are going to get shite hammered after this winds down. Every politician and bureaucrat is going to be screaming about lost tax revenues and we, the taxpayers, will get royally fricked on this.
Thanks JBE
Thanks JBE
Posted on 4/10/20 at 11:53 am to NOLALGD
Everyone will have to cut back.
Question will be is will this push for more internet sales tax as a lot of items are shipped right now.
Question will be is will this push for more internet sales tax as a lot of items are shipped right now.
Posted on 4/10/20 at 11:55 am to NOLALGD
quote:
Mandeville
St Tammany will be fine. Mike Cooper and Fat Man have this under control.
Posted on 4/10/20 at 11:58 am to NOLALGD
I thank God everyday that I live in St George.
Posted on 4/10/20 at 11:58 am to johnnyrocket
quote:
Everyone will have to cut back.
Question will be is will this push for more internet sales tax as a lot of items are shipped right now.
Edwards closed that up a few years ago. They are supposed to be collecting those taxes now.
Posted on 4/10/20 at 12:01 pm to NOLALGD
The munis are fine. Issue debt -> Fed purchases debt = risk free
No need for tax revenue anymore we know the new rules now
No need for tax revenue anymore we know the new rules now
Posted on 4/10/20 at 12:37 pm to SippyCup
quote:
St Tammany will be fine. Mike Cooper and Fat Man have this under control.
What do you know that I don't know? ...
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