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Started By
Message
LA budget surplus now at $500M
Posted on 9/13/19 at 10:40 am
Posted on 9/13/19 at 10:40 am
How will our Dems spend this money in our red state?
Will it go towards infrastructure or social programs?
Will it go towards infrastructure or social programs?
22
Posted on 9/13/19 at 10:41 am to NPComb
A surplus is a policy failure.
Posted on 9/13/19 at 10:44 am to Lsujacket66
quote:
A surplus is a policy failure.
Not always, but at that level? Yes.
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 10:48 am to Lsujacket66
quote:
A surplus is a policy failure.
It can be. It can also be a forecasting error. Or a sudden boom in the economy.
But yes in this case it is a policy failure in the sense that we are being taxed more than we need.
But it's actually a little bit of a policy success as well. Remember all the bitching and moaning the media unleashed on the Republicans because they refused to increase the revenue forecast? That kept spending down, which results in the surplus (or some part of it) now.
So yes, taxes are too high, but at least that money won't be put in the operational side and balloon the budget more than it already has been.
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
Posted on 9/13/19 at 10:50 am to NPComb
quote:
surplus now at $500M
So should I expect a refund, or a tax cut, or both?
Posted on 9/13/19 at 10:51 am to NPComb
So they took more of our hard earned money, when can we start to get some of it back?
Posted on 9/13/19 at 10:52 am to NPComb
They could use it to pay down the UAL.
Posted on 9/13/19 at 10:53 am to NPComb
Gravy wants sum dat.
This post was edited on 9/13/19 at 10:56 am
Posted on 9/13/19 at 10:55 am to NPComb
quote:
Will it go towards infrastructure or social programs?
The BR zoo needs another entrance.
Posted on 9/13/19 at 11:05 am to NPComb
They should build the tram between LSU and downtown. It will never happen though
Posted on 9/13/19 at 11:08 am to TheHarahanian
quote:
So should I expect a refund, or a tax cut, or both?
Neither. Once they get their hands on your money, you never get it back.
Posted on 9/13/19 at 11:09 am to Ping Pong
quote:and it shouldnt.
They should build the tram between LSU and downtown. It will never happen though
Posted on 9/13/19 at 11:15 am to BugAC
quote:
Yay, more money for our state to waste. Maybe, we can reduce taxes and spending???
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 11:17 am to TheHarahanian
quote:
So should I expect a refund, or a tax cut, or both?
Depends on who gets elected governor. Plain and simple.
Posted on 9/13/19 at 11:18 am to NPComb
Now would be a good time to invest in a company that does studies.
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