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Started By
Message
Louisiana Revenue Estimating Conference-$1billion loss in revenue
Posted on 5/12/20 at 12:36 pm
Posted on 5/12/20 at 12:36 pm
NSIAP but this state is double fricked
LINK
LINK
quote:
Louisiana budget revenues are projected to take a $1 billion hit as the coronavirus hammers the state's businesses and workers, according to economists who took their first stab at forecasting the financial toll Monday. The Revenue Estimating Conference, a panel that decides how much money the state has to spend on things like colleges, K-12 schools, health care and a host of other state services, voted to adopt a revenue forecast that is about $1 billion lower than the previous forecast.
This post was edited on 5/12/20 at 12:37 pm
7
Posted on 5/12/20 at 12:38 pm to jamboybarry
I’m sure Edwards will ask for a bailout like other democrat governors.
Posted on 5/12/20 at 12:43 pm to jamboybarry
It might be painful in the short term but at least this state has a strong underlying economy fueled by various industrial sectors. I'm grateful for the forward thinking leadership we've blessed with who were able to attract those industries to this state.
This post was edited on 5/12/20 at 12:44 pm
Posted on 5/12/20 at 12:45 pm to Lsuhoohoo
quote:
It might be painful in the short term but at least this state has a strong underlying economy fueled by various industrial sectors. I'm grateful for the forward thinking leadership we've blessed with who were able to attract those industries to this state.
What you did there, I see it
Posted on 5/12/20 at 12:58 pm to Lsuhoohoo
quote:
It might be painful in the short term but at least this state has a strong underlying economy fueled by various industrial sectors. I'm grateful for the forward thinking leadership we've blessed with who were able to attract those industries to this state.
You found an open bar somewhere?
Posted on 5/12/20 at 12:58 pm to tigerfootball10
I guess LSU football is fricked until JBE gets a billion dollars in taxes.
Posted on 5/12/20 at 1:11 pm to jamboybarry
The new Corona Cliff
LSU football must be cancelled, Granny kicked out of the nursing home, schools closed, hospitals closed, prisons emptied, rapists sent directly to your house unless John Bel gets his Billion Dollar Tax Hike!!
LSU football must be cancelled, Granny kicked out of the nursing home, schools closed, hospitals closed, prisons emptied, rapists sent directly to your house unless John Bel gets his Billion Dollar Tax Hike!!
Posted on 5/12/20 at 1:11 pm to saints5021
I have said this for the last few months, JBE will have to put his big boy pants on and finally cut something. Easy to pick on his predecessor for cutting and using one time funds to fill holes when you get the Leg to pass “temporary taxes”. He hasn’t reformed any of the tax basis , he increased spending the last fours years across the board and also increased the state government footprint by hiring more staff at every agency. Can’t do it this year.
Posted on 5/12/20 at 1:12 pm to DivotBreath
quote:
I’m sure Edwards will ask for a bailout like other democrat governors.
Number 1 on his list of things to do.
Posted on 5/12/20 at 1:24 pm to DivotBreath
quote:
I’m sure Edwards will ask for a bailout like other democrat governors.
Sure, in the form of higher taxes for the state of Louisiana.
Posted on 5/12/20 at 1:30 pm to DivotBreath
Asking people to accept higher taxes might have worked if he hadn’t Chicken Little’d himself repeatedly by threatening by LSU football and throwing granny out of the nursing home.
Posted on 5/12/20 at 1:36 pm to jamboybarry
Maybe we should’ve used the $100million on something else than a kickback for some make shift hospital? Where are the list of contractors that built it? Jayce knows
Posted on 5/12/20 at 1:38 pm to Lsuhoohoo
quote:
It might be painful in the short term but at least this state has a strong underlying economy fueled by various industrial sectors. I'm grateful for the forward thinking leadership we've blessed with who were able to attract those industries to this state.
No one told me they legalized recreational cannabis!
Posted on 5/12/20 at 1:41 pm to jamboybarry
Many government workers are being paid to stay at home right now. Has anyone's services been affected ? How about cutting Louisiana government in HALF for starters? Letting people retire on government pensions at age 50 or so is ridiculous. Government workers should work until they are 70 years old before they can retire with full benefits, just like the SS people have to.
Posted on 5/12/20 at 1:46 pm to Picayuner
600,000,000 surplus; poof...
Posted on 5/12/20 at 1:50 pm to zeebo
“And like that, it was gone!”
Posted on 5/12/20 at 2:25 pm to michael corleone
Good summation. Very good.
He generated a crisis which allowed him to raise taxes when he took office. He tried to keep most of those taxes in place but the legislature cut them back somewhat, but he still got his surplus to play with. He increased the budget and planned on increasing it even more. It appears he too will find himself in the ditch, but the Feds might bail him out. If not he’d going to have two options; more taxes if cutting the budget.
He generated a crisis which allowed him to raise taxes when he took office. He tried to keep most of those taxes in place but the legislature cut them back somewhat, but he still got his surplus to play with. He increased the budget and planned on increasing it even more. It appears he too will find himself in the ditch, but the Feds might bail him out. If not he’d going to have two options; more taxes if cutting the budget.
This post was edited on 5/12/20 at 2:47 pm
Posted on 5/12/20 at 2:26 pm to Lsuhoohoo
quote:
It might be painful in the short term but at least this state has a strong underlying economy fueled by various industrial sectors. I'm grateful for the forward thinking leadership we've blessed with who were able to attract those industries to this state.
I feel bad for LA folks as I still have family down there, but MAN. You guys constantly bitch giving tax breaks to any sector not O&G, then go full shocked-pikachu face when the budget plunges with the price of oil.
Don't bath in oil then be surprised you're burning when it gets hot.
EDIT: for everyone blaming JBE not cutting spending and raising taxes, where you upset when Jindal sucked the federal Katrina money dry giving O&G $200 million in cash?
This post was edited on 5/12/20 at 2:36 pm
Posted on 5/12/20 at 2:27 pm to jamboybarry
That's only $500 per resident. Make everyone cut a check and let's move on.
Posted on 5/12/20 at 2:29 pm to OysterPoBoy
I’d rather give him the finger and tell him to cut the sweetheart deal for some legislator’s nephew Jim Bob.
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