Rep. Kevin Pearson’s retirement reform bill passed the Louisiana House by a comfortable, bipartisan margin on Monday. His legislation provides for a readjustment of the final average compensation (FAC) for state employees that would be used to pay down unfunded accrued liabilities.
HB 531, which was passed unanimously by the House, would create the Lafayette Parish Redevelopment Authority, which would approve local government use of future property, sales, and other taxes to pay back debt-funded development of “blighted” or “distressed” areas.
Rep. Toni Ligi’s attempt to bring greater openness and transparency to the collective bargaining process will have to wait at least one more year. His bill failed in a House committee by just one vote.
‘Loser pays’ laws will severly hamper the will of parties to engage in baseless, cash-grabbing lawsuits.
Federal agencies that have unilaterally curtailed energy production in the Gulf of Mexico should obtain congressional approval before any new regulations are implemented, Sen. David Vitter (R-La.) has argued on the Senate floor.
SB 61, which has been assigned to the Senate Judiciary Committee, would give the legislature power to limit the amount of damages and losses for medical or health care providers as a result of malpractice.
Pending website transparency requirements seek to place boards that govern public schools under greater scrutiny. But opponents caution that this is another layer of compliance that will transfer resources away from the classroom.
HB 641 – better known as the Amazon tax – would reclassify out-of-state companies as in-state if they receive commissioned referrals from in-state affiliates.
Don Briggs of the Louisiana Oil and Gas Association says Louisiana is uniquely positioned to respond to higher gasoline prices and shift to natural gas.
As an alternative to the pension reform legislation favored by Gov. Bobby Jindal, the House Committee on Retirement has voted to move a bill to the floor the includes an across the board increase in state employee pension contributions that would be used to pay down unfunded accumulated liabilities.