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re: Louisiana has a $300 million surplus...Does JBE give it back?
Posted on 9/14/18 at 2:08 pm to Poops McDoober
Posted on 9/14/18 at 2:08 pm to Poops McDoober
how did that even happen. Who's running these numbers. They were so far off not that long ago. I mean like months ago
0
Posted on 9/14/18 at 2:12 pm to fatboydave
quote:
Louisiana has a $300 million surplus...Does JBE give it back?
Tangi parish about to have all kinds of new roads built.
Posted on 9/14/18 at 2:15 pm to Fourteen28
quote:
He fixed Jindal's mess and y'all are mad?
I'm so pissed Jindal wrecked the oil market. What a dastardly plan!
Posted on 9/14/18 at 2:19 pm to fatboydave
quote:
Louisiana has a $300 million surplus...Does JBE give it back?
If he doesn't spend it on infrastructure and flood protection, he's a fricking moron.
Posted on 9/14/18 at 2:20 pm to fatboydave
A surplus doesn't mean spend it. It means give it back to the people it was confiscated from.
Posted on 9/14/18 at 2:23 pm to fatboydave
This surplus has Daddy Trump's hands all over it
Posted on 9/14/18 at 2:25 pm to Fourteen28
quote:
He fixed Jindal's mess and y'all are mad?
No, the price of oil came back up hence more tax revenue for Louisiana
Posted on 9/14/18 at 2:38 pm to fatboydave
Give it to Orgeron so he can buy some 5 star recruits
Posted on 9/14/18 at 2:38 pm to BigJim
Second year in a row we see s surplus. Wasn't it 100 million last year?
It's obvious they fudge things to raise taxes more.
I think we need to pay off all the movie credits we owe in one big move, and stop the program.
Savings would be 200 million a year.
It's obvious they fudge things to raise taxes more.
I think we need to pay off all the movie credits we owe in one big move, and stop the program.
Savings would be 200 million a year.
Posted on 9/14/18 at 2:48 pm to doubleb
quote:
I think we need to pay off all the movie credits we owe in one big move, and stop the program.
Savings would be 200 million a year.
don't we still have several hundred million of them still out there?
Posted on 9/14/18 at 2:56 pm to 90proofprofessional
Yes, use the 300 million in surplus to buy what we owe.
Posted on 9/14/18 at 3:03 pm to doubleb
quote:
buy what we owe
i wonder if paying off tax credits would count as actual debt payments, maybe so
Posted on 9/14/18 at 3:09 pm to 90proofprofessional
Seems like it would.
Posted on 9/14/18 at 3:10 pm to doubleb
i'd rather it go straight to some roads tbh
Posted on 9/14/18 at 3:30 pm to 90proofprofessional
quote:
i wonder if paying off tax credits would count as actual debt payments, maybe so
While that might be a sensible use, I believe it only applies to bond and pension debt, which since they earn interest, is probably the wiser move to pay off more quickly.
Posted on 9/14/18 at 3:32 pm to BigJim
quote:
since they earn interest
a compelling reminder, whether or not the movie credits would be a permissible payoff
Posted on 9/14/18 at 3:33 pm to Fourteen28
Well he raised our taxes by $2 BILLION dollars so I would hope they didn't spend it all already. Time for a tax CUT !
Posted on 9/14/18 at 5:09 pm to CDawson
quote:
A surplus doesn't mean spend it. It means give it back to the people it was confiscated from.
I mean, I know the law is hard to follow for many of you, but... it says it right there in the article.
quote:
Under Louisiana's constitution, surplus dollars can only be spent on certain one-time expenses, like debt payments, construction work and rainy day fund deposits.
Maybe we should put it in the rainy day fund, so the next time a hurricane hits, we won't have to depend on the feds so much??? Since we hate fed spending so much??
Posted on 9/14/18 at 5:14 pm to BigJim
quote:
While that might be a sensible use, I believe it only applies to bond and pension debt, which since they earn interest, is probably the wiser move to pay off more quickly.
It's hard to get hard numbers on exactly how much in credit is out there, but I want to say it's like over a billion, currently. With more being added every day.
I've often wondered if we should/could borrow a chunk of money and offer to pay off the credits at a discount. The savings in the coming years (from not having to redeem the credits down the road) could pay off the debt.
Another part of me things, at least the film credits are stable, so maybe we should focus on roads.
Posted on 9/14/18 at 5:14 pm to Picayuner
quote:
Time for a tax CUT !
We are never going to get a legit tax cut as long as our tax system is so heavily influenced by sales and severance taxes, two things that swing wildly from year to year.
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