Governor Jindal’s “Surplus”
Gov. Bobby Jindal’s administration reports a $178.5 million budget surplus for the state fiscal year that ended June 30.
But the Legislature’s financial advisers are questioning a new element in the equation used to produce the rosy picture, and state Treasurer John Kennedy said Friday the administration is skewing the real state financial picture, which isn’t as pretty.
“If we use the methodology we have always used, we don’t have a surplus. We have a $141 million deficit,” Kennedy said.
More changing formulas and redefining what words mean by the Jindal administration. I pray for the day that Louisiana does a fully independent audit of how the administration continually shifted money from funds to plug holes and broke state constitutional laws by spending money from funds on things that weren’t statutorily stipulated. Imagine if you tried balancing your household budget by:
- Giving away some of your salary for new coworkers who are transient temps (tax credits).
- Making your kids wear last year’s shoes, glasses, clothes, etc. (claiming costs/needs shouldn’t change each year in all the departments’ budgets).
- Telling your kids that since you’re making less money that they’re gonna have to choose between using their money for breakfast/lunch/dinner or for school supplies (budget reductions in all the departments).
- Telling your kids they can’t work jobs after school to help the family (not allowing departments to raise funds in a myriad of ways because it might be politically unsavory for Jindal’s future political aspirations).
- Hiring a high end CPA to help you figure out what is wrong with your budget, then let your kids do the work for the CPA, when budget issues are even obvious to your kids, argue with the CPA to get “new” facts, then bury all the initial recommendations of the kids and the CPA for something that supports what you have already done (Alvarez & Marsal) .
- Taking money from your house liquidity, 401k, IRA, savings account, stocking holdings, and selling your real estate and avoiding the law by not paying taxes on it, all to fix the problems you caused in the first place. Then telling your spouse everything is fine (shady fund shifting, constantly going against your own treasurer, and painting a rosy picture for the public).