There was $150 million in the “mega-fund” when Bobby Jindal took office. Now it’s down to $6.7 million, and prospects are dim for replenishing it. “I think the dollars have been used for meaningful projects that have been important for our economy,” he said.
Tag: State government finances
Posted inGovernment & Politics
Tax hike? More cuts? Refilling state’s rainy day fund clouds state budget prospects
Tapping the state’s piggy bank has helped Jindal and legislators avoid tax hikes. But after pulling $255 million out of the rainy day fund, the state now has to find a way to replenish it in two years. But tax revenues are not forecast to rise enough to provide the money, foreshadowing tough choices ahead.
Posted inGovernment & Politics
Sharp decline in state tax revenue during Jindal years bucks national trend
Shrinking government is a conservative ideal, but public institutions and infrastructure bear the burden.