The group tasked with crafting a long-range plan for stabilizing Louisiana's turbulent state finances says it needs a little more time in light of catastrophic flooding that swept across Louisiana earlier this month.It would be a mistake, though, to allow a sudden infusion of one time money to put the committee off its task of fundamental budget reforms. Next year, the legislature should have to consider a more progressive tax structure with fewer special privileges carved out. What a shame it would be if they find an excuse to not go as far as they should with that.
The Task Force on Structural Changes in Budget and Tax Policy was scheduled to have a final recommendation ready for lawmakers by Thursday. But this week its members asked legislative leaders to extend that deadline to the end of September.
Saturday, August 27, 2016
Waiting on the money copters
One thing about the flood is it might actually help with the budget a bit. That will depend on the size and type of discretionary aid that becomes available. (The Governor is expected to make a specific CDBG ask soon.) But, in the meantime, it's probably a good idea to wait on the rest of this planning.