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re: Louisiana has extra $1 billion
Posted on 10/15/21 at 9:38 am to Mulkey Man
Posted on 10/15/21 at 9:38 am to Mulkey Man
We all know it will go to Democrat special interest groups and Democrat infrastructure in New Orleans and Baton Rouge.
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Posted on 10/15/21 at 9:41 am to Mulkey Man
Cantrell will demand to get her fair share.
Posted on 10/15/21 at 9:44 am to RebelRye
The GOP legislators who run the state are openly hostile to New Orleans. They don’t do any favors for Latoya. It’s a weird and unhealthy dynamic. But that’s for the poli board.
Posted on 10/15/21 at 9:52 am to Mulkey Man
How about fix all the bullshite this frick wad of a governor and those before him have screwed up.
Posted on 10/15/21 at 9:58 am to Mulkey Man
Why don’t you fix your damn roads?
Posted on 10/15/21 at 10:07 am to thatguy45
quote:
Maybe use it to fix your trash roads and help with hurricane/flood infrastructure instead of blowing it on worthless stuff
Hi. We're Louisiana. You should know we don't do any of the things you mention. But how about a few feasibility studies?
Posted on 10/15/21 at 10:11 am to FightingTigers138
A billion just doesn't go that far when multiple hands are dipping into the kitty.
Posted on 10/15/21 at 10:15 am to paperwasp
quote:
This is the correct answer, but if history is our guide, Louisiana (like many other state governments) will use it to pay for studies and committees to suggest solutions to the actual issues that will never be implemented, or done in such a way that it doesn't actually fix anything.
But it makes those consultants and cronies of those entities a lot of money.
It will probably also be used to incur new debt while barely paying or slightly restructuring the old debt (that will also never be paid).
If you can't be a part of the solution, there's damn good money to be made in prolonging the problem.
Posted on 10/15/21 at 11:01 am to thatguy45
quote:
Maybe use it to fix your trash roads and help with hurricane/flood infrastructure instead of blowing it on worthless stuff
Believe it or not a few years ago, Louisiana voters approved a Constitutional amendment that restricts what the Government can do with large budget surpluses. The Federal Funds have federal directives on how to be spent. The $1 billion budget surplus is do to a surprisingly stronger recovering economy and oil and natural gas tax revenues going through the roof (about the only thing I guess I can thank Biden for as he stopped much of the on-land exploration, much of Louisiana's is just off shore) and we have lots of Natural gas.
Of the $1 billon, I think $350 goes to a revenue trust fund to be available when revenue estimates are missed (short fall), of the remaining $650 million, I think a set % has to pay off existing Debt. Then the remainder is from what I have read going to be directed towards 1) Roads, 2) Coastal erosion projects and 3) Deferred Maintenance projects at Louisiana's Universities.
Posted on 10/15/21 at 11:03 am to thatguy45
quote:
quote:
Louisiana has a $1 billion budget surplus plus another $1 billion in unused Federal funds. What should we do with all that money?
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Maybe use it to fix your trash roads and help with hurricane/flood infrastructure instead of blowing it on worthless stuff
You stepped right off into that one!
Posted on 10/15/21 at 11:10 am to coachcrisp
Sure, no way anyone could have anticipated that response. Nothing gets past you, lol.
Posted on 10/15/21 at 11:14 am to paperwasp
quote:
This is the correct answer, but if history is our guide, Louisiana (like many other state governments) will use it to pay for studies and committees to suggest solutions to the actual issues that will never be implemented, or done in such a way that it doesn't actually fix anything.
In my 30 something years on this planet, I believ me Baton Rouge and Louisiana have “conducted” about a gazillion “studies” on how to address the MS Rriver bridge in BR.
Countless years and millions of dollars later, we are no closer to a solution than we were 30 years ago, but I’m sure lots of people got nice pay days.
Posted on 10/15/21 at 11:44 am to Mulkey Man
An extra Billion dollars? No way. There are not that many children cancer facilities in the whole state.
Posted on 10/15/21 at 11:49 am to Mulkey Man
quote:We comin!
Louisiana has a $1 billion budget surplus plus another $1 billion in unused Federal funds.
Posted on 10/15/21 at 11:51 am to TigerLunatik
quote:
You realize that it's true though, right?
I didn’t before you posted it, but nothing shocks me in Louisiana government
Posted on 10/15/21 at 11:58 am to PorkDawg
quote:
Former Gov. Huey P. Long played a role in constructing the stadium. Long, who was not a University alumnus but a great advocate of University football, requested money from the state to build the stadium. When they refused, Long discovered that a large sum of state money had been set aside for new dormitories.
He put it to use in constructing the stadium dorms — which happened to be in the shape of a stadium — completing the east side in 1932 and the west in 1935. Long’s dream of having a place for University football was finished in 1937 with the completion of the north side. The south side of the stadium was later added in 1953.
Posted on 10/15/21 at 11:59 am to Mulkey Man
Buy gold and silver, put it in a trust/ permanent endowment that can't be opened in 20 years. All profits will be used for infrastructure (roads, bridges, ports, etc.).
Posted on 10/15/21 at 12:01 pm to Mulkey Man
Fix your school system. I hear it’s trash.
Posted on 10/15/21 at 12:02 pm to Mulkey Man
Sounds like New Orleans should become an independent entity and run its own affairs.
Posted on 10/15/21 at 12:03 pm to Mulkey Man
You will spend 1 billion on think tanks on what to do with the other billion. They will decide the other billion should be used on think tanks for what to do about wealth inequality. In the end 40 dollars will be donated to salvation army.
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