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Louisiana faces rising long-term pension liability burden | Louisiana

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www.thecentersquare.com – By Nolan McKendry | The Center Square – 2024-12-02 13:44:00

SUMMARY: In fiscal 2023, Louisiana’s long-term liabilities rose to $17.2 billion, equal to 6.4% of personal income, indicating a growing financial burden on residents. Adjusted net pension liabilities increased to $9.4 billion or 3.5% of personal income, while direct state debt slightly decreased to $7.8 billion (2.9% of personal income). The state’s pension systems faced challenges due to weaker asset values and declining funding ratios. Legal barriers complicate the management of pension obligations, and despite the rise in liabilities, Louisiana maintains a stable direct debt profile. The AA- issuer default rating reflects its ability to handle fiscal pressures, albeit with ongoing pension challenges.

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News from the South - Louisiana News Feed

New Orleans Weather 6am: Very cold weather, below freezing temperatures

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www.youtube.com – WWLTV – 2025-01-08 06:40:05

SUMMARY: It’s extremely cold outside, with temperatures in the 20s and 30s feeling like the teens, prompting a weather alert. Residents are advised to wear multiple layers and allow extra time to warm up their cars. Similar conditions are expected tomorrow, particularly north of the lake with potential for below-freezing temperatures. Protect pipes, pets, and plants from the cold. Afternoon highs will only reach the upper 40s. Rain is forecasted for Friday, bringing possible heavy downpours and street flooding, especially in the morning. After some warmer temperatures, another cold snap is anticipated over the weekend.

Bitter cold temperatures hang around around Wednesday and Thursday. Meteorologist Alexa Trischler has the latest forecast.

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New Orleans city leaders calling for answers surrounding lack of bollards during New Year's terro…

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www.youtube.com – WDSU News – 2025-01-07 18:58:17

SUMMARY: Questions surrounding the effectiveness of bollards in New Orleans’ French Quarter have emerged following a recent terror attack, prompting internal disputes among city leaders. The bollards were installed after the 2016 Nice attack, which resulted in 86 deaths. Costing $40 million and funded by various levels of government, the security upgrades include barriers and surveillance cameras aimed at protecting pedestrians. Despite these measures, the city’s leadership, including the recently appointed NOPD Superintendent Ann Kirkpatrick, faces scrutiny over inadequate security implementation. A hearing is scheduled for tomorrow to address these concerns and seek accountability from law enforcement and security officials.

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Ouachita County Sheriff’s office is offering ride service during the bad weather

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www.youtube.com – KTVE – 2025-01-07 16:17:21

SUMMARY: The Ouachita County Sheriff’s Office in Camden is offering a ride service to help residents during bad weather expected this week, including snow and a wintry mix. The service is aimed at ensuring essential medical personnel and dialysis patients can reach their appointments safely. It will begin Thursday, depending on road conditions, and can be arranged by calling the Sheriff’s office. Residents are asked to provide one to two hours’ notice. The service is subject to delays due to demand, but safety is the top priority. For more information, contact the Sheriff’s office at 870-231-5300 extension 1.

Ouachita County Sheriff’s office is offering ride service during the bad weather

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