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.
Louisiana’s House of Representatives voted to pass Rep. Brett Geymann’s Resolution 27 on Monday, which is designed to block allocation of “one-time” non-recurring money as a way to plug budget gaps. Geymann says his legislation will help force meaningful spending cuts. Gov. Bobby Jindal disagrees.
North Dakota Senator Curtis Olafson (R – Edinburg), who flew in to testify as national spokesman, was met with as many welcomes and jokes as he was with questions.
Sadow: “With little disruption Louisiana could wipe out its corporate income tax in a little over a year… economic activity set off by the elimination of these would swell the state coffers by other means.”
In the face of unsustainable federal debt, Congress and the President appear unwilling and impotent to do anything about it. Robert J. Thorpe contends that the states must initiate a limit on spending, such as the National Debt Relief Amendment, via an Article V amendments convention.
The Pelican Institute has released three pieces of research to clear the air over the National Debt Relief Amendment and other Article V amendments. Escalating debt and an unrestrained federal government suggest the time is overdue for a state-initiated amendment to the U.S. Constitution.
Louisiana’s stand as the nation’s leader for incarceration is the target of five new bills from the state’s Sentencing Commission.
Kevin Kane: The B.R. Advocate’s Lenny Keller has described the Louisiana legislature as ultraconservative – but it just ain’t so.
The Pelican Institute’s transparency site is shining light on generous overtime pay for state employees, and a local news channel has latched onto the finding.
MPERS gambled with public money, and lost. If this were a private company, these disastrous mistakes would surely result in bankruptcy.