Opinion Columns

LAMP Continues to Offer Investment Benefits to Local Government Participants

By State Treasurer John KennedyThe 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 principal value of their investments,…

Treasury Hosts Most Successful BidLouisiana Auction To Date

By State Treasurer John KennedyWe’ve all seen the commercial with the slogan that says when banks compete, you win. This same basic concept applies to the State Treasury’s Internet auction system for certificates of deposit…

Local Governments to Face Financial Challenges in the Wake of Hurricanes

By State Treasurer John KennedySigns of recovery from Hurricanes Katrina and Rita are evident throughout south Louisiana. From Lake Charles to New Orleans, it wont be long until people return to their homes permanently and…

Kennedy Calls for Outside Firm to Account and Audit FEMA and Federal Funds

Treasurer Says Hiring One of the Major National Accounting Firms Will Prevent Waste and FraudBATON ROUGE, LA – The state should hire the Louisiana office of one of the Big Four major national accounting firms…

Treasury Celebrates New Fiscal Year with Unclaimed Property Successes

By State Treasurer John KennedyMost 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 of each year….

Lockbox Technology Can Help Government Save Time and Money

By State Treasurer John KennedyYou have probably heard the term lock-box used to describe a way to safeguard assets, especially funding for government programs that are important to the public. A lock-box in the banking…

States See $84.2 Million in Tobacco Payments Go Up In Smoke

By State Treasurer John KennedyBy State Treasurer John Kennedy 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…

Legislative Session Could Provide Opportunity to Fund State Match for I-49

By State Treasurer John KennedyThe Regular Session of the Legislature began April 25, and there are many worthwhile programs that our senators and representatives will be considering over the next few months. In particular, there…

Social Security Reform Should Include Restored Benefits for Public Retirees

By State Treasurer John KennedyTurn on any talk radio station or television news program today, and chances are you will catch a discussion about Social Security. In fact, both President Bush and U.S. Treasury Secretary…

Social Security Reform Should Include Restored Benefits for Public Retirees

Kennedy Suggests Changing Law to End Reductions in Government Employee PensionsBATON ROUGE, LA – The Social Security debate taking place in Washington should include proposals that would restore certain benefits for government retirees and their…