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
Policy differences within Louisiana's Republican Party complicated efforts to pay down the unfunded accrued liabilities (UALs) within the state's retirement funds. Rep. Kevin Pearson's (R-Slidell) was defeated in the Senate Retirement Committee on Sunday.
Rep. Brett Geymann's anti-spending resolution remains in effect after a counter-measure from Rep. Erich Ponti (R-Baton Rouge) was withdrawn Tuesday. This means "one-time" money cannot be used to balance the budget without a 2/3 vote of approval from House lawmakers
A Jindal-backed House resolution to reinstate one-time money to cover current budgetary expenses is up for debate today in the House.
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.