News -> INDReporter MON, MAR 4 1:46PM by Walter Pierce

GOP reps: Jindal jeopardizing TOPS to balance budget

A trio of Republican state lawmakers are calling on Gov. Bobby Jindal to back off plans to divert tobacco settlement proceeds from the popular Taylor Opportunity Program for Students, which helps students pay the cost of a public university education.

According to a press release issued by Reps. Cameron Henry of Metairie, Thomas Carmody of Shreveport and John Schroder of Covington, the Jindal administration is:

[P]lanning to refinance the tobacco settlement bonds and use the non-recurring savings to plug holes in the executive budget just unveiled, resulting in a budget deficit for TOPS in the next budget year.  The Administration is also counting on $60 million from tobacco settlement arbitration, the outcome of which is far from certain.  The combination of these moves could result in an ongoing deficit in TOPS funding.

“The administration should be fiscally responsible with these non recurring savings and either pay off the bonds earlier or reduce the monthly payments, not create a budget hole next year,” Henry says. “This is just the beginning of the annual parade of accounting tricks used to balance the budget.”

Adds Schroder: “This is the type of spending that has led this administration to have expenditures exceed state revenues three out of the last four years. Looks like they are using Washington, D.C., accounting.”


Walter Pierce
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Comments (3)add
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written by Michael A. Moss , March 04, 2013 - 01:46 pm
He uses Washington D.C. accounting because that's where he wants to be. He could care less about Louisiana, since he has a goal for national office. How dumb can we be? Ray Charles can see his hustle, and he is dead and blind!!
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written by Greg Foreman , March 04, 2013 - 04:21 pm
Just for the record, I am not a fan of TOPS. However, this action on Jindal's part typifies his dictatorial traits. Jindal does not have the LEGAL authority
to manipulate legislatively DEDICATED funds, funds dedicated to "A" and for "A" specific purpose, to whatever application he, as chief executive, deems worthy. Revenues dedicated by the legislature for a specific purpose, as in the case of the cigarette settlement funds of 1999, can ONLY be LEGALLY reallocated to another purpose upon approval of the legislature. For Jindal to do what he is proposing constitutes the bases of an impeachable offense and, provided Jindal goes through with this plan, should be approached as such by the legislature.
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written by Michael A. Moss , March 05, 2013 - 03:06 pm
Greg, our Eunuchs in the legeslature will vote for whatever he wants. They are evidently not very smart! Look at the bills they voted for that have been declared UnCONSTITUTIONAL THIS WEEK ALONE!!!!!!!!!!!!!
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