Most of the budget problems are due to the massive lost of revenue due to the drop in oil prices. Edwards made too many promises at a time when our economy is in free fall.
“Most of the budget problems are due to the massive lost of revenue due to the drop in oil prices.”
It certainly has an impact now, but I use to listen to C.W.Forgotston on the Moon Griffon show and he was predicting this very scenario years ago, long before the oil situation occurred. John Kennedy has also.
I can’t remember all the stats, but Louisiana’s tax revenue collection on all levels is first among all the Southern states and among the top in the nation.
Medicaid costs are horrendous due to the absolute stupid way it is run.