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Started By
Message
Louisiana is in the Black by $300-400 MILLION
Posted on 9/20/18 at 7:37 am
Posted on 9/20/18 at 7:37 am
15
Posted on 9/20/18 at 7:38 am to Oilfieldbiology
I mean, good on Gov Edwards if true.
Posted on 9/20/18 at 7:38 am to Oilfieldbiology
Sheeeet
That money is furiously burning a hole in JBE's pocket.
That money is furiously burning a hole in JBE's pocket.
Posted on 9/20/18 at 7:39 am to Oilfieldbiology
Because LA had a 1 year budget surplus doesn’t mean LA isn’t in debt.
Posted on 9/20/18 at 7:40 am to Oilfieldbiology
quote:
So this means we can reduce taxes right?
Nope, it just means they can spend more...
Posted on 9/20/18 at 7:41 am to Oilfieldbiology
They should try, just once, maybe saving some?
Posted on 9/20/18 at 7:42 am to Oilfieldbiology
They keep books just like Enron. They count income on the future price of oil that has not actually been produced yet. 
Posted on 9/20/18 at 7:44 am to Oilfieldbiology
quote:
State law requires that budget surpluses can only be spent on one-time expenses, including debt payments and construction projects. Leaders can't put the money toward recurring expenses in state government, and the money could not have rolled over to cover budget gaps in the fiscal year that began July 1.
LINK
Posted on 9/20/18 at 7:49 am to tigerpawl
quote:
They keep books just like Enron.
Governmental accounting is not the accounting that most people are familiar with... To most, you write a check, post the check in a ledger and subtract from a balance...
In government, you promise to write the check, post it, then shift the money to cover it from another account, then at the end of the year move the expense back to the proper account, over and over, but you don't ever know if you truly busted the books until two to three years later when that FY's audit has concluded and no one even cares anymore because they have moved on to the next budget crisis...
It would be much better if all government ran like a business...
Posted on 9/20/18 at 7:51 am to Oilfieldbiology
"We gonna throw granny out the nursing home."
"There gonna be NO LSU football if we don't raise taxes."
frick JBE AND THE "REPUBLICANS THAT GOT HIM ELECTED."
"There gonna be NO LSU football if we don't raise taxes."
frick JBE AND THE "REPUBLICANS THAT GOT HIM ELECTED."
Posted on 9/20/18 at 8:00 am to WPBTiger
I have no issue with that. But if we have a budget surplus, we should be able to get a tax refund and we certainly shouldn’t have any new taxes or tax increases
Posted on 9/20/18 at 8:02 am to Oilfieldbiology
quote:
So this means we can reduce taxes right?
Posted on 9/20/18 at 8:03 am to Oilfieldbiology
quote:
budget surplus
No such thing to a politician...
Posted on 9/20/18 at 8:05 am to Oilfieldbiology
Genius, so they cut expenses for schools and universities (while raising tuition) to get a surplus that can only be spent on one time expenditures like construction.
Stay corrupt Louisiana.
Stay corrupt Louisiana
.Posted on 9/20/18 at 8:11 am to Oilfieldbiology
A pattern is emerging.
Edwards raised taxes to balance the 2016/17 FY budget and we ran a 100 million dollar surplus for the governor to disperse.
Last year (fiscal year 17/18) it appears we will have larger surplus, but only after Edwards asked for a large tax package in special session and got shot down by Republicans and then had to settle for a smaller tax increase.
Edwards calls it a crisis, threatens to close programs, threatens TOPS and scares grandma; but at the end of the day it seems we have money left over.
Now he wants to reward hI'd Union friends by giving teachers ad a whole a pay raise which would cost the state 100 million dollars or more.
Tax, spend, reward your friend. Tax, spend, reward your friend........
Wash, rinse, repeat the cycle.
Fiscal conservative my butt.
Edwards raised taxes to balance the 2016/17 FY budget and we ran a 100 million dollar surplus for the governor to disperse.
Last year (fiscal year 17/18) it appears we will have larger surplus, but only after Edwards asked for a large tax package in special session and got shot down by Republicans and then had to settle for a smaller tax increase.
Edwards calls it a crisis, threatens to close programs, threatens TOPS and scares grandma; but at the end of the day it seems we have money left over.
Now he wants to reward hI'd Union friends by giving teachers ad a whole a pay raise which would cost the state 100 million dollars or more.
Tax, spend, reward your friend. Tax, spend, reward your friend........
Wash, rinse, repeat the cycle.
Fiscal conservative my butt.
Posted on 9/20/18 at 8:17 am to Oilfieldbiology
What part of the Trump economy and increased demand and price increase of oil does Edwards deserve?
I say Bumpy Head didn’t do nuffing!
He just raised taxes and spent more.
I say Bumpy Head didn’t do nuffing!
He just raised taxes and spent more.
Posted on 9/20/18 at 8:21 am to Oilfieldbiology
quote:
Hayride article citing office of treasurey
So this means we can reduce taxes right?
I mean, it would be silly to reduce taxes if your only reasoning is a surplus. State law is very restrictive concerning how these funds can be spent - can't just use them for recurring stuff.
If you want to reduce taxes, you have to actually cut the recurring expenditures first.
Posted on 9/20/18 at 8:23 am to NYNolaguy1
frick all you stupid arse Republicans for JBE...Thanks to your morals, we get to watch even more jobs bail to Texas while our economy stalls. Again, frick you all
Posted on 9/20/18 at 8:24 am to cahoots
quote:
If you want to reduce taxes, you have to actually cut the recurring expenditures first.
That is a fantastic idea! I fully support this
Posted on 9/20/18 at 8:33 am to cahoots
Problem is the governor decides where the surplus goes. Sure they can't go to reoccurring items, but he still can take care of his political friends.
And yes spending needs to be cut. Nursing homes should be first.
And yes spending needs to be cut. Nursing homes should be first.
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