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Opinion Columns Archive
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A Poster Child for Government WasteUse SHIFT+ENTER to open the menu (new window).New
5/12/2012
Do you live in a home or apartment that costs $329 per square foot?  Me neither.
 
Thanks to your tax dollars, ....
The Truth About State Job CostsUse SHIFT+ENTER to open the menu (new window).
4/26/2012
You may have read or heard that Louisiana state government is spending less of your hard-earned taxpayer dollars because it has fewer employees. ....
Why Our Public Officials Should Try Substitute TeachingUse SHIFT+ENTER to open the menu (new window).
2/27/2012
Governor Jindal has made the improvement of our public schools the top priority of his second term. He has promised bold reform. Thank you, Gover....
Education Reform: Past is PrologueUse SHIFT+ENTER to open the menu (new window).
2/1/2012
Governor Jindal is right to try to fix our public schools. His proposal to put the best teacher in every classroom by changing the way we hire, f....
The Challenge of I-49 SouthUse SHIFT+ENTER to open the menu (new window).
1/11/2012
Louisiana has hundreds of needed road projects, the most important of which is the completion of Interstate 49.  I-49 North from Shreveport ....
CRIME DOESN’T PAYUse SHIFT+ENTER to open the menu (new window).
11/18/2011
Most people don’t think of education when they think of prison.  They think of punishment, lack of freedom and loss of rights.  They th....
FIVE GOALS FOR THE NEXT FOUR YEARSUse SHIFT+ENTER to open the menu (new window).
10/5/2011
Louisiana will shortly be electing a governor, other statewide officials and a new legislature.  Here are five goals these new leaders shoul....
HOW THE LEGISLATURE BALANCED THE BUDGETUse SHIFT+ENTER to open the menu (new window).
8/8/2011
In its recent session, the Louisiana Legislature faced a $1.6 billion budget deficit, primarily due to the loss of one-time federal “stimulus” do....
Louisiana Bondholders and Taxpayers Protected From DefaultUse SHIFT+ENTER to open the menu (new window).
7/29/2011
I’ve had a lot of folks lately ask me how the current debt crisis in Washington, D.C. will impact the state of Louisiana.  My first thought ....
A Fiscally Responsible Plan for Big Charity in New OrleansUse SHIFT+ENTER to open the menu (new window).
6/22/2011
Hurricane Katrina damaged the Charity Hospital in New Orleans, which is owned and operated by the LSU Health Sciences Center (“HSC”).  The s....
Condos at Angola?Use SHIFT+ENTER to open the menu (new window).
5/3/2011
Louisiana has a $1.6 billion budget deficit.  The main reason for the shortfall is the political decision to spend more than we take in and ....
Treasury Year In ReviewUse SHIFT+ENTER to open the menu (new window).
3/1/2011
The mission of the Louisiana Department of the Treasury is to promote prudent cash management and investment strategies in the administration of ....
START Program Provides Tax DeductionsUse SHIFT+ENTER to open the menu (new window).
2/1/2011
When filling out state tax returns, Louisiana residents should keep in mind the incentives available to investors who use the START 529 plan to s....
Another 8 Ways to Balance the State Budget Without Destroying Health Care and Higher EducationUse SHIFT+ENTER to open the menu (new window).
1/18/2011

Here are eight additional ways to balance the state budget without destroying health care and higher education:

1.  Abolish the state’....

Save Money by Improving Our Charity Hospitals Use SHIFT+ENTER to open the menu (new window).
11/29/2010
Louisiana has 10 state-owned, taxpayer-funded public hospitals, spread across 64 parishes and 45,000 square miles, to deliver health care to our ....
Attack the Deficit by Collecting Money Owed the StateUse SHIFT+ENTER to open the menu (new window).
10/18/2010
One way Louisiana can reduce the $2 billion to $3 billion budget deficit next fiscal year is by doing a better job of collecting money....
A Plan to Balance the State Budget Without Destroying Health Care and Higher EducationUse SHIFT+ENTER to open the menu (new window).
9/14/2010

Louisiana is facing a $2 billion to $3 billion budget deficit next year.  Here’s how we can deal with it:

1. Do not raise taxes or fee....

START Saving for College Using State’s 529 PlanUse SHIFT+ENTER to open the menu (new window).
9/10/2010
Whether your child just started his first day of kindergarten or is about to enter high school, it is never too late to prepare for the rising co....
State Must Get Control of Skyrocketing Health Care Delivery CostsUse SHIFT+ENTER to open the menu (new window).
8/1/2010
The state’s health care delivery system costs taxpayers over $7 billion a year.  This is expected to grow by $7.1 billion over the next 10 y....
Legislative Session Another Missed Opportunity for Meaningful Budget ReformUse SHIFT+ENTER to open the menu (new window).
7/20/2010
The legislative session began with a lot of promise. We heard talk of “competitive budgeting,” “performance-based appropriations” and “prioritizi....
State Needs to Help Local Governments Affected by Oil SpillUse SHIFT+ENTER to open the menu (new window).
6/21/2010
Louisiana needs to ensure that local governments and parishes do not face financial troubles in the short-term as a result of the oil spill disas....
Be Wary of Unclaimed Property “Finders”Use SHIFT+ENTER to open the menu (new window).
5/20/2010
The Louisiana Department of the Treasury’s Unclaimed Property Division has received several complaints from Louisiana residents who have been con....
One-Of-a-Kind Bond Security and Redemption Fund Protects La. Bondholders and Taxpayers Use SHIFT+ENTER to open the menu (new window).
4/26/2010
If the nation’s recent financial crisis has taught us anything it’s the importance of going back to the basics when it comes to managing money. W....
Purchasing Private Insurance for Qualified Medicaid Recipients Could Save $100 MillionUse SHIFT+ENTER to open the menu (new window).
3/30/2010
Another legislative session has just begun, and lawmakers will have their work cut out for them as they whittle away at a ballooning budget and a....
Successes and Shortcomings of the Work of the Streamlining CommissionUse SHIFT+ENTER to open the menu (new window).
2/1/2010
The Louisiana Streamlining Government Commission, of which I am a member, has made 238 recommendations to the Legislature and the Governor in the....
State Must Reign In Consulting ContractsUse SHIFT+ENTER to open the menu (new window).
1/1/2010
There has been an explosion in the number of contracts the state awards for various consulting services.  State agencies and departments cur....
State Must Adopt New Approach to Stop School to Prison Pipeline Use SHIFT+ENTER to open the menu (new window).
12/1/2009
Each day, 80 students drop out of Louisiana public elementary and secondary schools.  Louisiana’s high school graduation rate is well below ....
Louisiana New Start Education Tax Credit Program Could Help Students in Troubled SchoolsUse SHIFT+ENTER to open the menu (new window).
11/1/2009
Every Louisiana child deserves the right to a quality education, but 25,000 students in our state are not getting one. These students currently a....
Right-Sizing Louisiana Government Means Reducing Labor CostsUse SHIFT+ENTER to open the menu (new window).
10/5/2009
Louisiana ranks 1st in the South and 8th in the nation for the number of state employees per 10,000 population. Our state also faces a $3 billion....
Why Louisiana Needs a Single Board of Higher EducationUse SHIFT+ENTER to open the menu (new window).
9/16/2009
America has the best system of higher education in the history of civilization, and many of those schools are right here in Louisiana.  Yet,....
Treasury Year In Review Use SHIFT+ENTER to open the menu (new window).
3/1/2009
The mission of the Louisiana Department of the Treasury is to promote prudent cash management and investment strategies in the administration of ....
START Program Provides Exemptions This Tax Season Use SHIFT+ENTER to open the menu (new window).
2/1/2009
Another tax season is upon us, and that means gathering receipts, statements and other necessary paperwork to prepare tax returns. One of the bri....
Credit Crisis Provides Opportunity to Learn from Past Mistakes Use SHIFT+ENTER to open the menu (new window).
1/1/2009
By now, we all know the main causes of America’s credit crisis: lenders who made home loans to unqualified borrowers; borrowers who could not rep....
How Congress Can Unfreeze The Credit Markets Without Spending Taxpayer MoneyUse SHIFT+ENTER to open the menu (new window).
12/1/2008
As we all know by now, Americas credit markets are frozen. Banks either cant or wont loan money to consumers or each other in ....
Local Governments Benefit from Investing in LAMPUse SHIFT+ENTER to open the menu (new window).
11/1/2008
It is hard to find good news in today’s financial climate, but whether the market is up, down or somewhere in between, one thing remains the same....
Playing Football Can Teach Teens Money SkillsUse SHIFT+ENTER to open the menu (new window).
10/1/2008
Football season is in full swing, and high school, college and professional games will take up a bulk of our weekends this fall. Now there’s a wa....
A New School Year Perfect Time to START Saving for CollegeUse SHIFT+ENTER to open the menu (new window).
8/1/2008
The school year is now in full swing, and whether your child is starting kindergarten or already in high school, it is never too late to start pr....
New Law Provides More Transparency to La. Budget ProcessUse SHIFT+ENTER to open the menu (new window).
7/1/2008
Financial advisors talk about the importance of putting “everything down on paper” when it comes to budgeting monthly expenses. Maintaining a bud....
Treasury’s Unclaimed Property Program Has Record-Breaking YearUse SHIFT+ENTER to open the menu (new window).
6/1/2008
By the time you read this column another legislative session will be over, and the state fiscal year will have come and gone. The end of a fiscal....
Treasury Website Links Citizens to Information about Lower Prices at the PumpUse SHIFT+ENTER to open the menu (new window).
5/1/2008
As State Treasurer, it is my responsibility to protect the state’s finances and your taxpayer dollars. Part of my job also includes providing Lou....
Treasury Legislative Update Use SHIFT+ENTER to open the menu (new window).
4/1/2008
The 2008 Regular Session of the Legislature is in full swing, and there are several important pieces of legislation I want to bring to your atten....
Working Families in Louisiana Missing Out on Earned Income Tax CreditsUse SHIFT+ENTER to open the menu (new window).
4/1/2007
Louisiana families are working harder than ever, but many household incomes are not keeping up with the rising costs of housing, health care and educa....
Treasury Year in ReviewUse SHIFT+ENTER to open the menu (new window).
3/6/2007
It is hard to believe that more than a year has passed since Hurricanes Katrina and Rita devastated our state. Louisiana has made some significant pro....
Treasury Makes Smart Decisions Today to Prepare for States Future Use SHIFT+ENTER to open the menu (new window).
2/1/2007
A day in the life of the average family will differ somewhat from one home to the next, but many components of the daily routine are the same. Day-to-....
State Should Consider Securitizing Federal Oil and Gas Royalty Payments to Begin Restoring Coast ImmediatelyUse SHIFT+ENTER to open the menu (new window).
1/1/2007
Hurricanes Katrina and Rita showed Louisiana and the nation the devastation that can occur because of a shrinking coastline. As a result, Louisianas C....
Louisiana Law Protects Buyers and Recipients of Gift CardsUse SHIFT+ENTER to open the menu (new window).
11/1/2006
It seems like the holidays arrive earlier each year. Just as we are tossing out the jack-o-lanterns, were putting up the Christmas lights. For some, t....
Local Governments Can Use Certain Money Market Mutual Funds for Sweep AccountsUse SHIFT+ENTER to open the menu (new window).
10/11/2006
At the close of business on any given day, a local governmental agency, higher education institution, municipality or political subdivision of the sta....
Treasurys Unclaimed Property Program A $303 Million Jackpot for Louisiana CitizensUse SHIFT+ENTER to open the menu (new window).
6/20/2006
Have you ever met anyone who has won the lottery? Judging by televisions standards, it happens all the time. The main character on My Name is Earl scr....
GO Zone Tax Credit Bonds Offer Financial Solution for Hurricane-Impacted AreasUse SHIFT+ENTER to open the menu (new window).
5/24/2006
As if the recent devastation caused by Hurricanes Katrina and Rita were not enough to deal with, local governments in hurricane-impacted areas face an....
The Completion of I-49 Should Remain a Top Priority for LouisianaUse SHIFT+ENTER to open the menu (new window).
4/18/2006
Never before has Louisiana or any other state in our nation experienced natural disasters of the magnitude of Hurricanes Katrina and Rita. Every part ....
Divided Vote Referendum Gives Public Employees Option to Pay MedicareUse SHIFT+ENTER to open the menu (new window).
3/3/2006
The rising cost of health care is something all Louisiana citizens are concerned about, especially those who are nearing retirement age and facing lif....
New Law Offers Rebuilding Opportunities But Caution Is Needed When Entering Financial MarketUse SHIFT+ENTER to open the menu (new window).
1/13/2006
A new year brings with it the opportunity for a new beginning, and no state needs a fresh start more than Louisiana. We now have a chance to bolster t....
LAMP Continues to Offer Investment Benefits to Local Government ParticipantsUse SHIFT+ENTER to open the menu (new window).
12/16/2005
The Louisiana Asset Management Pool (LAMP) has been operating for 12 years now as a way for local governments to pool their money to protect the princ....
Louisiana Education Quality Trust Fund Continues Successes in 2005Use SHIFT+ENTER to open the menu (new window).
12/16/2005
Signs of rebuilding and recovery are evident throughout the state, and one area that will require our continued focus in the next coming months and ye....
Local Governments to Face Financial Challenges in the Wake of HurricanesUse SHIFT+ENTER to open the menu (new window).
10/26/2005
Signs of recovery from Hurricanes Katrina and Rita are evident throughout south Louisiana. From Lake Charles to New Orleans, it wont be long until peo....
Treasury Hosts Most Successful BidLouisiana Auction To Date Use SHIFT+ENTER to open the menu (new window).
10/26/2005
Weve all seen the commercial with the slogan that says when banks compete, you win. This same basic concept applies to the State Treasurys Internet au....
Treasury Celebrates New Fiscal Year with Unclaimed Property Successes Use SHIFT+ENTER to open the menu (new window).
8/4/2005
Most people ring in the New Year when the ball drops on December 31.  At the Treasury, however, we count down the minutes to midnight on June 30 ....
Lockbox Technology Can Help Government Save Time and MoneyUse SHIFT+ENTER to open the menu (new window).
6/16/2005
You have probably heard the term lockbox used to describe a way to safeguardassets, especially funding for government programs that are important to t....
States See $84.2 Million in Tobacco Payments Go Up In SmokeUse SHIFT+ENTER to open the menu (new window).
5/17/2005
In 2001, Louisiana sold 60 percent of its tobacco settlement in order to reduce the risk that tobacco companies may not make all of their annual payme....
Legislative Session Could Provide Opportunity to Fund State Match for I-49Use SHIFT+ENTER to open the menu (new window).
5/10/2005
The Regular Session of the Legislature began April 25, and there are many worthwhile programs that our senators and representatives will be considerin....
Social Security Reform Should Include Restored Benefits for Public RetireesUse SHIFT+ENTER to open the menu (new window).
4/12/2005
Turn on any talk radio station or television newsprogram today, and chances are you will catch a discussion about SocialSecurity. In fact, both P....
Louisiana Businesses Should Encourage Employees to Claim EITCUse SHIFT+ENTER to open the menu (new window).
1/26/2005
Small businesses and working families in our state have a lot more in common than one might think. They both know how to stretch a dollar, live on a b....
Treasury Security Measures Protect Against Check FraudUse SHIFT+ENTER to open the menu (new window).
1/26/2005
The movie Catch Me if You Can is based on the life of Frank W. Abagnale, who as a young man had an uncanny ability to maneuver his way in and out of a....
IRS Owes La. Citizens $850,000 in Undelivered Tax RefundsUse SHIFT+ENTER to open the menu (new window).
1/11/2005
December 31, 2004, marks the end of another tax year. Citizens will begin gathering their W-2s and other paperwork to prepare for tax time, and many o....
April LMA 04Use SHIFT+ENTER to open the menu (new window).
1/5/2005
Louisiana is a diverse state with a unique mix of culturesand influences. The TreasuryDepartment recognizes this, and to celebrate our states ric....
LEQTF Report Highlights $64.7 Million in Funding for BESE and Board of Regents ProjectsUse SHIFT+ENTER to open the menu (new window).
11/23/2004
Since taking over as State Treasurer in 2000, Ive been talking about how the Louisiana Education Quality Trust Fund (LEQTF) is one of the biggest succ....
Missing Money Website to Help Louisiana Increase Outreach EffortsUse SHIFT+ENTER to open the menu (new window).
11/8/2004
Chances are you have heard me talk about the State TreasurysUnclaimed Property Program and our efforts to return lost money to Louisianac....
Statewide Newspapers Publish Names of Citizens Owed $24 MillionUse SHIFT+ENTER to open the menu (new window).
11/5/2004
Each autumn, the Treasury makes available the names of folks in Louisiana whohave new unclaimed property waiting for them to claim. On September 30 an....
September Proclaimed College Savings MonthUse SHIFT+ENTER to open the menu (new window).
11/5/2004
Louisiana recently joined 39 other states and the College Savings PlanNetwork to proclaim the month of September as College Savings Month....
Treasury Website Posts $11.4 Million in Unclaimed Income Tax RefundsUse SHIFT+ENTER to open the menu (new window).
7/12/2004
Tax time is finally over, and many Louisiana citizens are breathing a sigh of relief and making plans with this years refunds. If you receive a tax re....
Treasury Website Links Citizens to Lower Prices at the PumpUse SHIFT+ENTER to open the menu (new window).
5/18/2004
Regardless of the type of vehicle you drive, chances are you have felt the pinch of higher gas prices recently, and it looks like its going to get wor....
Treasury Celebrates States Diversity with New Cajun French and Spanish WebsiteUse SHIFT+ENTER to open the menu (new window).
4/26/2004
Louisiana is a diverse state with a unique mix of culturesand influences. The TreasuryDepartment recognizes this, and to celebrate our states ric....
Tax Time is Perfect Time to Claim Old, Missing State RefundsUse SHIFT+ENTER to open the menu (new window).
4/21/2004
There seems to be two categories that most income tax payers fit into. Some individuals prepare their taxes way ahead of time and enjoy their refunds ....
START Program Provides Exemptions This Tax SeasonUse SHIFT+ENTER to open the menu (new window).
4/21/2004
Spring is right around the corner, and many of us have reluctantly begun collecting receipts, statements and other necessary paperwork for tax day. On....
Treasury Closes Out 2003 with Banner PerformanceUse SHIFT+ENTER to open the menu (new window).
3/25/2004
Fiscal Year 2002-2003 (FY 2003) was more than just another year for me. It marked the completion of my first term as Louisianas State Treasurer. We ha....
Working Families Are Missing Out on Earned Income Tax CreditUse SHIFT+ENTER to open the menu (new window).
2/25/2004
Louisiana families are working harder than ever, with many of them spending nights and weekends on the job instead of at Little League, Scouts or the ....
EITC Web pageUse SHIFT+ENTER to open the menu (new window).
2/9/2004
I encourage working families in our state to take advantageof an important and often overlooked tax credit when they file theirreturns this tax season....
Local Governments Can Use LAMP to Invest Taxpayer Dollars WiselyUse SHIFT+ENTER to open the menu (new window).
12/3/2003
Whether the markets are up, down or somewhere in between, it is important to do everything possible to earn money on your investments. This is especia....
Teach to Serve Program Could Put Elected Officials in Our ClassroomsUse SHIFT+ENTER to open the menu (new window).
12/3/2003
My colleagues and I in state government talk a lot about our public school system, and many of us make decisions that impact elementary and secondary ....
Louisiana Law to Mandate Personal Financial Instruction for High School StudentsUse SHIFT+ENTER to open the menu (new window).
8/11/2003
Summer is in full swing, and high school seniors are enjoying their time off as they anxiously wait for the first day of college. In addition to fall ....
State Trust Funds Generate $137 Million in Investment EarningsUse SHIFT+ENTER to open the menu (new window).
8/11/2003
Saving money is a way an individual can build a nest egg to prepare for unexpected emergencies or ensure that theres enough money to pay for future ex....
Louisiana Law to Mandate Personal Financial Instruction for High School StudentsUse SHIFT+ENTER to open the menu (new window).
7/10/2003
BATON ROUGE, LA  Louisiana high schools will soon be preparing students for their financial futures by teaching them how to manage their money, u....
LouLease Making the Dream of Homeownership a RealityUse SHIFT+ENTER to open the menu (new window).
6/23/2003
There's nothing quite like the feeling of walking into a new home for the first time. Homeownership is a dream that many Louisiana citizens reach for,....
Credit Rating Has Tremendous Impact on Both Individuals and StateUse SHIFT+ENTER to open the menu (new window).
5/9/2003
Many people take their credit rating for granted, but I was reminded this month how important it is to have good credit. For years Louisiana had the l....
A New Year Brings With It Reflection and ResolveUse SHIFT+ENTER to open the menu (new window).
3/24/2003
One of the goals I set out to accomplish during my first term as Treasurerwas to take the State Treasury to places its never been before. In additiont....
Market Value of State Trust Funds Increases By $110 MillionUse SHIFT+ENTER to open the menu (new window).
3/24/2003
Chances are youve seen or heard about the popular television show where people ask professional appraisers to price objects ranging from family heirlo....
Partnership Turns Everyday Purchases Into College Savings ToolsUse SHIFT+ENTER to open the menu (new window).
3/24/2003
Saving for college isnt easy. Even though many of our states students qualify for the TOPS Program, that alone isnt enough. To help with the increasin....
Unclaimed Property Could Provide Extra Cash for the HolidaysUse SHIFT+ENTER to open the menu (new window).
3/24/2003
When did the holidays become so expensive? There are the parties, presents, and decorations not to mention the food. Its hard to make ends meet as it ....
LEQTF Report Highlights $57.2 Million in BESE and Board of Regents ProjectsUse SHIFT+ENTER to open the menu (new window).
11/20/2002
Its been said you cant really understand people until you walk a mile in their shoes. Ive always had a tremendous amount of respect for our states edu....
Taxpayers Save Money When Local Governments Invest in LAMPUse SHIFT+ENTER to open the menu (new window).
10/24/2002
Public offices looking for ways to save taxpayers money should try investing in the Louisiana Asset Management Pool (LAMP). LAMP acts as a central dep....
If You Found a $20 Bill, Would You Pick It Up or Try to Find Its Owner?Use SHIFT+ENTER to open the menu (new window).
10/9/2002
Its an age-old dilemma. Youre walking into a store when you stumble across a $20 bill in the parking lot. Do you pick it up and keep it, or do you tur....
State Should Not Tolerate Investment Firm Conflicts of InterestUse SHIFT+ENTER to open the menu (new window).
8/20/2002
Most of us can rattle off the names of companies embroiled in corporate scandals as fast as we can say the letters of the alphabet. Corporate fraud ha....
START Accounts Can Be Great Incentives for EmployeesUse SHIFT+ENTER to open the menu (new window).
7/12/2002
Its no secret that our nations corporate climate experienced some ups and downs this past year. We watched in disbelief as Enron collapsed, and thousa....
Louisiana Congressional Delegation Should Support Changes to Federal Social Security LawUse SHIFT+ENTER to open the menu (new window).
5/15/2002
What do you do for a living? Its a common question, and when individuals say they are public servants, they often get a common reply: Government jobs ....
A Penny Saved Wisely is A Penny Earned: States General Fund Investments Are on the Right TrackUse SHIFT+ENTER to open the menu (new window).
5/15/2002
Ask anyone what his or her first memory of saving money was and chances are it had something to do with dropping coins into a piggy bank. While no one....
Success of Teachers Home Buyer Program Can Lead to ExpansionUse SHIFT+ENTER to open the menu (new window).
3/28/2002
Homeownership is one of the first steps an individual takes on the road to financial stability and independence. Buying a home is also one of the most....
Treasury Auctions $13 Million in Certificates of Deposit OnlineUse SHIFT+ENTER to open the menu (new window).
3/28/2002
State government needs to embrace technology in order to do a better job for taxpayers. Whether its something as simple as making interactive forms av....
School Districts Could Use Portion of Tobacco Sale Proceeds to Fund Early Childhood EducationUse SHIFT+ENTER to open the menu (new window).
3/28/2002
The Council for a Better Louisiana (CABL), a non-partisan government watchdog group, recently met with news reporters to suggest steps the state could....
The Road to the States Tobacco Sale was Hard, but It Was Worth the TripUse SHIFT+ENTER to open the menu (new window).
3/28/2002
For more than a year now, the Louisiana Department of the Treasury has been traveling down a path to what I hope will be one of the greatest success s....
The Little Things Can Really Add Up to Benefit TaxpayersUse SHIFT+ENTER to open the menu (new window).
3/28/2002
History tells us that everyday citizens played a major role in the World War II war effort by doing little things to help out their country. Women pai....
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