“While the $1.6 billion shortfall is a legitimate concern, a greater danger lurks beneath the surface and eventually could dwarf our current challenges.”
Dennis Woltering of Eyewitness News examines Louisiana’s public pension crisis with Kevin Kane, in the wake of a new Pelican Institute report.
We can be “tough on crime and the bottom line,” says Right on Crime, an openly conservative advocacy group for criminal justice reform. The organization held a press conference and highlighted Louisiana’s fiscal challenges and incarceration rate, the highest in the nation.
Led by Louisiana’s Noble Ellington, ALEC promotes “priority-based budgeting” NEW ORLEANS, La. – The American Legislative Exchange Council has released its “State Budget Reform Toolkit,” a plan for resolving fiscal shortfalls without increased taxation, raids of rainy-day funds, or reliance on federal funds. ALEC’s toolkit comes as Louisiana faces a projected $1.6 billion deficit for…
Kevin Kane discusses new research, “Louisiana’s Fiscal Albatross: The Coming Public Pension Crisis.” The report is the first in a four-part series on state employee retirement benefits, which account for the state’s unfunded liabilities and which Kane describes as a “ponzi scheme.”
Pelican Institute Report: taxpayers on the hook for billions of dollars in unfunded liabilities. Despite Governor Jindal’s national accolades, Louisiana is on course for fiscal catastrophe. Next year’s $2 billion shortfall is the tip of the iceberg.
As states across the country face fiscal crises, discussions have begun about legislation which would permit individual states to declare bankruptcy. Currently, federal law prohibits states from filing for bankruptcy, but a number of prominent policymakers and scholars have proposed changing the rules.
Speakers divided over viability of American constitutional solutions, despite Swiss success
This past week Elliott Adams of Louisiana’s Economic Development Department presented the state’s digital media tax credit to industry participants. Launch Pad, a start-up facilitator based in New Orleans, hosted the approximately 40 attendees who learnt of rebates as high as 35 percent of expenses.
Public-Private Partnerships that Target Criminal Recidivism Can Reduce Annual Corrections Costs, Study Shows
Florida Case Study Shows Annual Corrections Costs was Reduced by $71 million