Opinion Columns

A Fiscally Responsible Plan for Big Charity in New Orleans

By U.S. Senator David Vitter, Louisiana House Speaker Jim Tucker and State Treasurer John KennedyHurricane Katrina damaged the Charity Hospital in New Orleans, which is owned and operated by the LSU Health Sciences Center (“HSC”)….

Condos at Angola?

By State Treasurer John KennedyLouisiana 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 make up the difference with one-time,…

Treasury Year In Review

By State Treasurer John KennedyThe mission of the Louisiana Department of the Treasury is to promote prudent cash management and investment strategies in the administration of state funds. Even in the midst of the national…

START Program Provides Tax Deductions

By State Treasurer John KennedyWhen filling out state tax returns, Louisiana residents should keep in mind the incentives available to investors who use the START 529 plan to save for college. If you already have…

Another 8 Ways to Balance the State Budget Without Destroying Health Care and Higher Education

By State Treasurer John KennedyHere are eight additional ways to balance the state budget without destroying health care and higher education: 1. Abolish the state’s three separate systems of higher education and place all universities…

Save Money by Improving Our Charity Hospitals

By State Treasurer John KennedyLouisiana has 10 state-owned, taxpayer-funded public hospitals, spread across 64 parishes and 45,000 square miles, to deliver health care to our citizens and train our medical students. Our Charity Hospital System…

Attack the Deficit by Collecting Money Owed the State

By State Treasurer John KennedyOne way Louisiana can reduce the $2 billion to $3 billion budget deficit next fiscal year is by doing a better job of collecting money owed the state. Currently, $1.52 billion…

A Plan to Balance the State Budget Without Destroying Health Care and Higher Education

By State Treasurer John KennedyLouisiana 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 fees. We do not need…

START Saving for College Using State’s 529 Plan

By State Treasurer John KennedyWhether 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 costs of college. One…

Legislative Session Another Missed Opportunity for Meaningful Budget Reform

By State Treasurer John KennedyThe legislative session began with a lot of promise. We heard talk of “competitive budgeting,” “performance-based appropriations” and “prioritizing expenditures.” Politicians are usually incrementalists, a nip here and a tuck there,…