The proposed settlement is heralded by some as a major victory, supposedly securing $100 million for the state to use for coastal restoration. In reality, the proposed settlement, if adopted, would yield nowhere near $100 million and divert much of the money it did raise to unrelated government spending. Two key flaws undermine the settlement’s...View Report
Pelican President, Kevin Kane, advocates cost-saving approaches adopted successfully by other states.
On Saturday, the Shreveport Times ran an op-ed coauthored by Kevin Kane of the Pelican Institute and Mark Levin of the Texas Public Policy Foundation. They note that the Bayou State has the highest incarceration rate per capita in the United States, and an address of criminal justice reform is overdue.
"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.
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."