Budget News and Notes

A few notable stories before Louisiana heads into a frenzied weekend of football and inauguration activities.

– The U.S. economy added 200,000 jobs in December, capping a year that saw the economy add 1.9 million private-sector jobs – the most since 2005. But the news would have been even better if 280,000 public employees hadn’t been pink-slipped last year. Jared Bernstein says sustaining this growth should be the top goal for policymakers in the months ahead.

-Locally, the Lake Charles American Press reports that the number of Louisiana residents on food stamps has climbed by 44 percent since 2007.

-In North Louisiana, residents are lining up to oppose Boysie Bollinger’s proposal to buy 195 billion gallons of Toledo Bend water at cut-rate prices so he can sell it to Texas.

-The Times-Picayune reports that Gov. Bobby Jindal’s plan to expand school vouchers could be paid for by raiding the Minimum Foundation Program. The details of the governor’s education agenda – which he refused to discuss in detail while seeking re-election this fall – will likely be unveiled at a Jan. 30 education summit hosted by Rep. Steve Carter, R-Baton Rouge, and others.

Houma Today and other outlets report that Gov. Jindal plans to ignore a panel’s recommendation to cap the size of TOPS scholarships for mediocre students.

The governor's plan will mainly benefit corporations and the wealthy, while working and middle-class families will pay more for services and products we use every day such as diapers, garbage collection, haircuts and home repairs. Louisiana’s tax system certainly needs to be improved, but this is the wrong way to do it.
Gov. Jeff Landry has called the Legislature into a special session to overhaul Louisiana’s tax structure.