Opinion Columns

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…

Louisiana: A Consultants’ Paradise

By State Treasurer John KennedyDid you ever wonder why taxes go up (think tuition and “user fees”) and yet our colleges and health care get cut every time the legislature meets? It’s not because the…

A Poster Child for Government Waste

By State Treasurer John KennedyDo you live in a home or apartment that costs $329 per square foot? Me neither. Thanks to your tax dollars, however, 112 New Orleanians will have the opportunity, with subsidized…

The Truth About State Job Costs

By State Treasurer John KennedyYou may have read or heard that Louisiana state government is spending less of your hard-earned taxpayer dollars because it has fewer employees. That’s not true. It is accurate that we…