Opinion Columns

If Not Higher Ed, Use the Surplus for I-49

By John N. Kennedy, State Treasurer Louisiana likely will have a surplus from last fiscal year. The state constitution prohibits us from using it for operating expenses like higher education, but we can spend it…

A Solution to NGO Abuse

By John N. Kennedy, State TreasurerLouisianians believe in walking the walk, not just talking the talk. Your actions should match your words. That’s not always so in Louisiana state government. Public officials will tell you…

The Financial Risk of Charity Hospital “Privatization”

By John N. Kennedy, State Treasurer The reason advanced by the Jindal Administration for privatizing Louisiana’s charity hospitals is that a private hospital like Lafayette General or Ochsner, for example, can manage a hospital more…

Louisiana Bondholders and Taxpayers Are Protected from Default

By State Treasurer John KennedyThe federal government shutdown is now in its second week. Congress and the President also must make a decision on exceeding the federal debt ceiling by October 17 or the United…

State Must Get Control of Skyrocketing Health Care Delivery Costs

By State Treasurer John KennedyThe 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 years because of new federal health…

State Should Not Tolerate Investment Firm Conflicts of Interest

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 has been making headlines for some time now,…

Helping The Disabled

By: State Treasurer John Kennedy By now most people know that Governor Jindal vetoed the extra $4 million for at-home services for Louisiana disabled citizens that the Legislature passed last session. In his veto message…

Details Matter in Charity Hospital Reform

by: State Treasurer John Kennedy In 2009, when Alvarez & Marsal, a national performance auditor, recommended a handful of common-sense business practices that would save taxpayers $72 million a year at the state’s Big Charity…

Budget Maneuver Will Hurt TOPS

In 2001, Louisiana wisely sold a portion of its tobacco settlement with the four major tobacco companies by issuing bonds to investors for around $1 billion. We put the $1 billion in a constitutionally-protected trust…

Plan B to End the Income Tax

I appreciate Gov. Jindal’s plan to end Louisiana’s personal and corporate income tax. Our state needs a tax code that looks like somebody designed it on purpose, and the Governor is correct, in my estimation,…