John Kennedy's Blog
“This is like going out and buying a Mercedes and then saying, ‘Oops, I don’t have the money to run it,’ ”
State budget leaves $88 million gap for finishing new University Medical Center in New Orleans.
You probably hear the words "tobacco settlement" and wonder what the heck that even means. Allow me to boil it down for you: It translates into hundreds of millions of dollars for legislators struggling to balance the state budget, and that's definitely not a good thing. Even worse, it means saddling our children and our grandchildren with a staggering $1.2 billion in debt.
The State Bond Commission approved $206 million for projects statewide and saved taxpayers more than $6.4 million
"We approved projects in parishes across Louisiana," said Treasurer Kennedy. "These are vital projects that include water, sewer and school system improvements as well as acquiring equipment for solid waste facilities."