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John Kennedy's Blog

Category Archives: State Finances

Baton Rouge Advocate: Clean up the budget

State Treasurer John N. Kennedy has long been in favor of pruning the stat-deds, citing some that protect grants for specific filmmakers, funds to fight pet overpopulation and money for the board of massage therapists.

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ICYMI: My interview on Talk 107.3 regarding wasteful spending at the DMV

Millions of dollars of tax money spent on a system to improve your experience at the Office of Motor Vehicles, but to this day that system does not exist. The system was supposed to tell workers if there were flags or suspensions on licenses, and even whether or not the customer was about to write a hot check. State Police Colonel Mike Edmonson soon realized nothing was going to result from the ambitious system once planned. He began looking to exercise the state's "termination" clause in the contract.  Listen Here.

5 Louisiana higher education institutions earn negative attention from credit rating agency

The national credit rating agency Standard & Poor's has placed five Louisiana higher education institutions on a negative credit watch list due to the state's $1.6 billion budget shortfall.

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