Simple math shows that the American Jobs Act is nothing but shortsighted, leaving newly created jobs unfunded after the first year.
‘A defined contribution system is one no longer supported by taxpayers, but, rather by the responsible investment choices of individuals.’
Despite having the second lowest statewide sales tax rate in the U.S., a new study shows that Louisiana’s combined state and local sales taxes are third highest in the nation, at 8.84 percent.
A retire-rehire program for teachers was approved by lawmakers 10 years ago, but today more than half of all participants are non-educators, while annual pension payouts are nearing $250 million
The administration rosily projects that ‘not a dime’ will be added to the deficit, but this ridiculous promise is left to Congress to fulfill.
Louisiana public pension funds sought to withdraw $143 million from Fletcher Asset Management earlier this week, but were presented with IOUs in lieu of cash, leaving taxpayers to foot the bill.
Louisiana’s House Republicans were united in their support of the “Cut, Cap and Balance” legislation that passed last night. It faces a tough road in the upper chamber where Sen. David Vitter (R-La.) has criticized his colleagues for backing down to President Obama
Louisiana’s friendly tax climate and steady economic growth have allowed the state to navigate through fragile economic times, but unfunded pension liabilities and a former budget shortfall pose problems for Louisiana’s future.
Under a proposed constitutional amendment, at least 5 percent of surplus funds must be used to pay down unfunded accrued liabilities that existed as of June 30, 1988 for the Louisiana State Employees’ Retirement Systems (LASERS) and the Teachers Retirement System of Louisiana (TRSL).
The Louisiana legislature has been criticized for cutting statewide funding for the arts. Pelican Institute president Kevin Kane argues that Louisiana’s cultural heritage is better protected by voluntary support and private enterprise than by government subsidies.