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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SEP 22 This bit of video from Saturday's LSU game is appalling, whether you're a fan of LSU or not. In it, you can see a Mississippi State player literally stomping on two LSU players during the game, which his team won. Twice the player, Dillon Day, can be seen jumping on the abdomen of LSU players during the game, the Picayune reports here. Day is a senior from West Monroe.
SEP 22 Whether you like him or not, you have to admit that Edwin Edwards has an irresistible story - on so many levels. Here's a post from CNN, which also has been unable to resist. His comments are classic EWE.
SEP 22 Blogger Tom Aswell, who spent about 50 years working for "mainstream" media, gives the Advocate what-for in this post. At issue is an editorial the Advocate printed last week, pretending that State Police Commander Mike Edmonson is some kind of saint for his part in the amendment debacle. The problems start with the paper's inability to spell Edmonson's name correctly (a common Advocate problem - inexplicably) and go downhill from there, he writes.
SEP 22 Blogger Crazy Crawfish is reflecting back on what was discussed during the Rising Tide conference, at least in terms of education. He's broken down some of the basic tenants of the current "reform" agenda in education, and explained why these ideas are flawed.
SEP 22 Six of the "privatization" agreements created by the Jindal administration for public hospitals are being renegotiated, at the order of Medicare/Medicaid officials, the Advocate reports here. Lafayette's public hospital is included, the story reports. Part of the order? No "side agreements," the story says. Hmmm.
SEP 22 Blogger Robert Mann tells an amazing story in this post. Cries for revenge and vengeance may be the usual response to violent death, but he's telling the story of people who have, instead, practiced forgiveness and grace.
SEP 22 Seems like there is nothing the interwebs likes more than listing stuff, and ranking states for good and bad things is a common practice. Columnist Jim Beam takes a look at some of the recent good and bad rankings that Louisiana has racked up.
SEP 22 Blogger Ian McGibboney is writing about the Adrian Peterson case in this post. A lot of people are saying "My parents spanked me, and I'm fine," but they usually are not fine at all, Ian says. (The best example: Sean Hannity.) It's not OK to hit kids, Ian says, and it needs to stop.
SEP 20 This isn't the first story, and it won't be the last, written about the apparent conflict between Bobby Jindal's biology degree from Brown and the far right evangelicals who (he perceives) hold the key to his burning, blinding desire to be President. But this one's on ThinkProgress.org, a left-leaning blog, and gives an interesting view of how his dilemma might be attacked in a campaign.
SEP 20 Jeremy Alford examines the Family Forum's influence on the Legislature in this post. The ultra conservative lobby's annual "report card" keeps up with how well our elected officials are following its dictates, he reports, but also shows us how conservative our Legislature has become.
SEP 20 This post on the Dads Gone Wild blog is an ode to the education bloggers who have been akin to voices crying in the wilderness on the subject of "reform." He compares his experience, listening to the "reformers" and wondering why anybody gave them any weight, with loving punk rock in the 1970s. It's an interesting read.
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