As Louisiana lawmakers continue to debate how to solve the so-called “Fiscal Cliff” (to get up to speed on all the facts, be sure to check out our Citizen’s Guide to the Fiscal Cliff!), the threat of a February special legislative session looms large. Proponents of tax increases are pushing hard for this session, and taxpayers…
In Pelican Institute CEO Daniel Erspamer’s latest column in The Hayride, he lays out what’s at stake in the coming debate about how to solve Louisiana’s “Fiscal Cliff.” It starts with getting the facts right. The problem with all of this is we haven’t really identified the problem. The truth is, given recent events, the…
Nearly five years after the disaster, Louisiana Lawsuit Abuse Watch took a close look at where all the money from the BP settlement is going and asked the critical question: Who is benefiting most from the unprecedented class action settlement set up to compensate victims in the aftermath of the 2010 oil spill?
Now is the time for real openness and transparency when private lawyers are hired by the Attorney General to work for Louisiana taxpayers. This practice should not be done behind closed doors, as it is now.
Lawsuit lenders often offer loans to consumers with hidden fees and sky-high interest rates that can range between 60-150 percent annually. To put that in perspective, the average annual percentage rate on a credit card is 13.3 percent.
It is widely expected that tax reform will be the Jindal administration’s primary goal in the 2013 Louisiana legislative session. In a recent Advocate report, Tim Barfield from the Department of Revenue addressed the need for reform, pointing out that it is the “sticker price” and not the actual tax burden that is hampering “Louisiana’s efforts to attract businesses.”
Although food stamp participation rates typically increase during a recession, a new study demonstrates that the rate of growth between 2008 and 2012 is unique.
Unemployment remains a major concern throughout the state of Louisiana and the nation as a whole. While the jobs situation in Louisiana is somewhat better than the national average, the unemployment rate for working-age teens (16-19) is astronomical and bodes ill for the future of Louisiana’s youth.
The issue of higher education salaries has caught the attention of state Rep. Simone Champagne, R-Erath. She passed a resolution this session requesting that the Board of Regents “study executive compensation at the university system offices and boards.” The final report is due to lawmakers in early February 2013.
The complex nature of the retirement system tends to obscure the importance of pension reform. This has contributed to an unfortunate lack of urgency over the years. But while the details can appear daunting, the crux of the matter is simple: Louisiana has promised its retirees more than it can deliver.