News from the South - Louisiana News Feed
Report: Louisiana a ‘sinkhole state’ for taxpayers | Louisiana
SUMMARY: A review by Truth in Accounting revealed Louisiana’s poor financial status for fiscal year 2023, ranking it 43rd among states with a D grade. The state had $30 billion to cover $48.9 billion in obligations, resulting in an $18.9 billion shortfall, costing taxpayers about $13,400 each. Despite this deficit, Louisiana improved its financial condition, increasing available funds by $3.9 billion and generating more revenue than expenses. The improvement was largely due to a $2 billion decrease in unfunded retiree health benefits, but unfunded pensions continue to challenge the state’s ability to meet financial obligations amid inflation and market volatility.
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News from the South - Louisiana News Feed
Survive and Advance (Part 2)
SUMMARY: On this week’s Football Friday Night, General North Iberville hosted General TR, suffering a lengthy delay due to a player injury. General TR dominated the game, winning 38-6 with Ammani Williams scoring a touchdown. In other notable scores, Hainesville beat Montgomery 61-0 and the Mango Dragons triumphed over West St. John 44-6. In Division Three, Newman defeated Darbon Woods 49-19. The OCS Eagles won 28-6 against Catholic PC in Division Four. Meanwhile, St. Fred faced Southern Lab, with St. Fred’s season ending in a 24-7 loss. Next week, the playoffs continue with more exciting matchups.
Round Two of LHSAA Playoffs live up to hype
News from the South - Louisiana News Feed
Warmer this weekend, then cooler next week
SUMMARY: The weather in Southeast Louisiana is currently sunny with warm temperatures, thanks to high pressure bringing dry air from the northwest. Overnight temperatures will drop into the 30s and 40s, with highs tomorrow reaching the mid-60s, warming to 80°F by Monday. A cold front will bring cooler temperatures after Monday, with highs in the 70s through Thursday. Thanksgiving Day may see a 40% chance of rain due to another cold front. Tropical activity is quiet, with no expected storms. Overall, the forecast includes mostly sunny to partly cloudy days with slim rain chances.
Warmer this weekend, then cooler next week
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News from the South - Louisiana News Feed
Lawmakers wrap special session, send tax reform bills to Landy’s desk | Louisiana
SUMMARY: The Louisiana Legislature has approved a significant tax package that revamps the state’s tax system, introducing major income tax cuts alongside higher sales taxes and the elimination of numerous tax breaks to balance the budget. Key changes include reducing income tax by $1.3 billion per year and raising sales tax from 4.45% to 5%, effective January 2025. The corporate tax rate will also drop from 7.5% to 5.5%. While Democrats raised concerns about shifting tax burdens, proponents argue these reforms will enhance Louisiana’s economic appeal. The package now awaits Governor Landry’s approval, with promises to ensure funding for key infrastructure projects.
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