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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APR 18 So Gov. Jindal's new press secretary already has blocked blogger CB Forgotston from her Twitter account, CB tells us in this post. Sure, CB hasn't exactly been sugar sweet to the lady, but if his blogs are all it takes for her to get in a huff she better find some intestinal fortitude somewhere, because that's just the tip of the iceberg.
APR 18 Pooyie! Robert Kennedy Jr. isn't pulling any punches in this column on Huffington Post about the flood board's lawsuit against Big Oil and Bobby Jindal's involvement in efforts to kill it. Kennedy, who is president of the Waterkeeper Alliance, describes Jindal as 'genuflecting to Big Oil's pressure' and 'the industry's chief indentured servant.' Dang!
APR 18 Here's a video of UL Coach Mark Hudspeth showing he can pump some serious iron. It sure impressed the Dr. Saturday blog, which calls his press of 370 pounds a "ridiculous" number for a coach -- and opines that no other college coach could beat ours.
APR 18 Columnist John Maginnis offers some advice to Vance McAllister on this post: Don't quit. Republicans have demanded he resign, but offer no "sensible answer" to the question of why David Vitter shouldn't leave, too, he says. McAllister needs to do his duty and serve out his (abbreviated) term, Maginnis says.
APR 18 Blogger Lamar White Jr. comments upon the plan to make a Bible Louisiana's "official book" in this post. He argues his point by telling us the story of an immigrant couple who moved to Louisiana: Amar and Raj, whose oldest child is now our Governor. This action would have a much larger impact, he opines.
APR 18 There's only one major bill left defending public education, blogger Mike Deshotels writes in this post. He's also got a few choice words for state Superintendent John White, who implies that Louisiana teachers would be thrown into chaos and disarray if they didn't have a test to teach. (Maybe kids would actually get an education then? Nah!)
APR 18 An effort to set up speed cameras on the Interstate has been shut down before it even got started, columnist Stephanie Grace tells us in this post. A bill to block the practice is sailing through the legislature -- where apparently no one wants visitors to our fair state to arrive home to a ticket. (These guys must never drive on I-10 with people from Texas).
APR 18 Blogger Tom Aswell reassures everyone worried about the staffers for Rodney Alexander -- the ones who didn't go to work for McAllister or Candid Camera, anyway -- with this post. Apparently one staffer for the retired Congressman (who also worked for a preacher accused of sexual assault) already has been hired by Alexander in the state department he now runs, Aswell says.
APR 17 At the start of the Tuesday board meeting that ended with his removal from the President's post, Joe Aguillard told the governing board of Louisiana College that SACS, the accreditation agency, requires the board to adopt a confidentiality agreement regarding board actions. Later that day, SACS told the Town Talk that confidentiality agreements would never be required. Calvinist or not, isn't lying wrong?
APR 17 Here we are, looking like backwater dummies again in the national media. This story on Huffington Post tells the nation that our legislators are so scared of the Louisiana Family Forum that they won't vote to repeal a law that was ruled illegal years ago. (Guess these particular Christians don't cotton to that "love one another" thing.)
APR 17 Here's an interesting column from Paul Stanley, political opinion editor of the Christian Post. He breaks down the differences between David Vitter and Vance McAllister, in terms of political realities. What he found surprising was the fact that many GOP leaders are swinging a self-righteous sword at McAllister which had remained sheathed when Vitter's "sin" was revealed. He does have an interesting theory -- that Jindal's people want the Vitter issue to be revived.
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