The state Department of the Treasury's “September 2010 Net Receipts Report” shows that to-date state revenues for 2010-2011 (July - September) are $1.707 billion, for a decrease of $140 million or 8 percent compared to fiscal year 2009-2010. Total revenues this time last year were $1.847 billion, which was $320 million less than the prior year, a decline of 15 percent.
Already the Jindal administration is facing the new reality that an additional $108 million will have to be cut from the current-year state budget after Louisiana finished the recently ended fiscal year (June 30) in the red. Lawmakers recently learned that deep cuts made last year were not enough to balance the budget. Last week Commissioner of Administration Paul Rainwater placed most of the deficit blame on corporate income tax during the 2009-10 fiscal year falling far below what was anticipated — a decline that has accelerated this year.
This means the state spent more money than it collected in taxes during the 2009-10 fiscal year, and the governor has until the end of this fiscal year to cut spending in order to make up for the deficit. Rainwater hopes to have a deficit-reduction plan ready by the end of the month.
Below is the breakdown of current fiscal year to-date receipts that are contributing to the 8 percent overall decline in state revenues so far this year: •General sales tax cash receipts are $647 million, an increase of $14 million or 2 percent compared to last year. General sales tax cash receipts this time last year were $633 million, which was $122 million less than the prior year, a decrease of 16 percent. •Individual income tax cash receipts are $621 million, a decrease of $51 million or 8 percent compared to last year. Individual income tax cash receipts this time last year were $672 million, which was $6 million less than the prior year, a decrease of 1 percent. •General severance tax cash receipts are $185 million, a decrease of $10 million or 5 percent compared to last year. General severance tax cash receipts this time last year were $195 million, which was $150 million less than the prior year, a decrease of 43 percent. •Corporation and franchise tax cash receipts are $45 million, a decrease of $91 million or 67 percent compared to last year. Corporation and franchise tax cash receipts this time last year were $136 million, which was $8 million less than the prior year, a decrease of 6 percent. •Gasoline and special fuels tax cash receipts are $157 million, an increase of $5 million or 3 percent compared to last year. Gasoline and special fuels cash receipts this time last year were $152 million, which was $17 million less than the prior year, a decrease of 10 percent. •Miscellaneous taxes cash receipts are $52 million, for a decrease of $7 million or 12 percent compared to last year. Miscellaneous taxes cash receipts this time last year were $59 million, which was $17 million less than the prior year, a decrease of 22 percent.
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AUG 21 Tom Aswell is telling us about another "efficiency" contract the state has signed. This one is paying a consultant (i.e. someone with a briefcase from out of town) $140 an hour, plus tens of thousands in air fare. The agency on the receiving end of this tender care? The DMV. Well -- that's working great, then.
AUG 21 This post on The Lens brings us up to date on the ongoing process of populating the levee board that will decide if the so-called Big Oil lawsuit will move forward. Gov. Jindal has done his best to put the kibosh on the suit by removing pro-suit members, but the process of replacing them is not simple, Bob Marshall tells us.
AUG 21 Here's Politico's coverage of Bobby Jindal's loss in the Common Core lawsuit this week. Interestingly, it boils down to dueling quotes from the judge who handed the administration its collective hiney and Kyle Plotkin. There's also commentary here about Jindal's flip-flop on the issue.
AUG 20 Education blogger Mercedes Schneider, as usual, is using her (not insignificant) teaching skills to give us the skinny on the recent court ruling on Common Core. Schneider gets into the details of legal strategy and argument at play here. As usual, it appears that Jindal's lawyers dropped the ball. Hey, at least they're consistent. (Or maybe Jindal didn't really want to win, he just wanted the Tea Party to think he wanted to win?)
AUG 21 Columnist Jim Beam is writing about ISIS in this post. The civilized world has to do something about this group and the atrocities its members are committing, he says. Maybe President Bush "blew it" in Iraq, but that doesn't mean we shouldn't do anything more, he says.
AUG 21 Blogger CB Forgotston is continuing his habit of announcing that he won't be running for stuff in this post on the Forward Now blog. He's also poking fun at State Police Commander Mike Edmonson (and his entourage, dubbed "Dork Dynasty" by some Troopers) and the Advocate. Apparently Edmonson isn't happy with people who are keeping this boondogle in the news. Awww.
AUG 21 This post on the NOLA Defender blog talks about some things that New Orleans and Ferguson, Mo., have in common. As a white woman, author Kezia Kamenetz says it isn't her place to talk about what the African-American community should do about the violence within, but as a human she can certainly call for fairness in the criminal justice system.
AUG 21 Columnist Stephanie Riegel is writing about the scandal that has rocked the LSU Alumni Association (to wit, the executive director's "girlfriend" also was his employee; when they "broke up" he started paying her, with alumni money, to keep her mouth shut). In particular, she's looking for some lessons to learn from the mishigas.
AUG 20 This post on the Texas Observer is a good one to read if you haven't bothered to pay much attention to the Rick Perry indictment. The pundits have collectively dismissed it as partisan politics - but the special prosecutor is a Bush man, and the judge is GOP. (They didn't mention THAT, did they?) It's a pretty good round up of what we do know, and more importantly, what we don't.
AUG 20 In this post, blogger Rod Dreher takes a look at the Tea Party's horror at David Vitter's reluctance to say he hates the Common Core with every fiber of his being. He also includes some commentary on the Tea Party's inability to tell news from satire. Hey, maybe that's why Facebook has to add those labels. Mystery solved!
AUG 20 This story in the New York Times updates the rest of the nation on the Common Core issue here in Louisiana, proclaiming that it is "dividing" the state. Unfortunately for Gov. Bobby Jindal, it is only a few sentences in before the author mentions that Jindal "ardently" supported Common Core when Louisiana joined the movement a few years ago, and the implication is that he's agin it now because he wants to be president and thinks that will help.
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