Opinion Columns

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,…

The Proposed Budget: A Fond Illusion

By State Treasurer John KennedyImagine, God forbid, that your boss just cut your salary by 25% because business is bad. Instead of reducing your spending or getting a second job, you elect to do the…

Treasury Year in Review

By State Treasurer John KennedyTax time is in full swing, and chances are you have already started compiling your year-end tax statements for your home, investments and various expenses. We’ve finished crunching the fiscal year…

A Serious Debate on Taxes

By John N. Kennedy, State Treasurer and former Secretary, Department of Revenue

A Serious Debate on Taxes

By John N. Kennedy, State Treasurer and former Secretary, Department of RevenueEvery state relies primarily on one or more of three taxes to raise revenue: income, sales and property. None is perfect or pleasant. It’s…

How Real is the Medicaid Crisis?

By State Treasurer John KennedyLast spring the Legislature increased the state’s Medicaid budget by $788 million. Don’t take my word for it. According to the Legislative Fiscal Office, “Prior year actual expenditures for Medicaid indicate…

Show Me The Money!

By State Treasurer John KennedyIn 1998, the City of Walker hired the state DOTD for $1.3 million to relocate some of Walker’s utility lines. DOTD didn’t send a bill until 2003. After the bill wasn’t…

A Plan to Solve the Medicaid Crisis

By Louisiana State Treasurer John N. KennedyCongress just eliminated the extra Medicaid money it was giving Louisiana because of the hurricanes. With the state match, that means we are facing a deficit of $860 million…