WWL>Topics>>3-2 7am Tommy, La. budget cuts and hikes

3-2 7am Tommy, La. budget cuts and hikes

Mar 2, 2015|

Tommy talks to Louisiana State Treasurer John Kennedy about Gov. Jindal's proposed budget

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Automatically Generated Transcript (may not be 100% accurate)

Both polls. And they do you. Right on the. The. A doctor David. In Iowa out. Should common between it was doctor David is doctor comma David. On the as developed a milk. This has different flavors. And you Sany so awful again Nestle's quick did it years ago I used to likes to a New. York Bob like chocolate tournament you are priced proper and ask and its partners goods and instance he's the little too phony for me and contrived an old guy like overplaying their hand. Prominently this guy does is he puts gelatin. Chocolate Vanilla and strawberry in the mail targeted toward kids. And apparently you should make it out and you get a different taste every time you drink it now on they can be because you would think. Eventually these things would meld down but he says now shaken up effort and you get a different taste of milk. Every time bullet went on the beach on equipment and might be strawberry in one time. In my even LO which. You and I disagree monster areas sometimes tuchman definitely sun don't necessarily want. Buggy accuses sounds like you don't overture gonna get it and which some people may like enough to make money on this or not but. You know he might get it in and here's he'll be. If needed gelatin. With. Only chop literally strawberry only Vanilla because people don't like you know blended up aren't we right acted Nestle's quick. India. And I think greatly and I talked to secretary. Of the state giant now treasure LO treasurer John Kennedy. The governor's proposed budget and we'll continue talking about tax credits and movie industry to. Oil and gas industry etc. back flashed evidently. 715. Shelled and well over at the club music today we're about money and Bobby Jindal and his budget and we are nice enough to be joy he's nice no one is now. John Kennedy's state treasurer of the great state of Louisiana morning John. More comic. Your initial reaction to lose their governor's intentions. He's trying to. Address the budget deficit. Far fiscal year that begins July 1 we have a budget deficit because of years and spending more money that we took. We have a one point six billion dollar debts as of the project that's projected spending over rapid next year. In many ways it's a it's a very governor Jindal likes budget he is proposing to. Feel that one point six billion dollar hole by cutting higher education about 211 million dollar. Back cutting health care about 230 fat may indulge. For example he. He's proposing to ship called he'll clinics in the war zone as they affect about. 57000. People leave these for the clinics that frankly keep people out of the emergency. What's very on governor Jindal like he's at least proposing to solve about. 60%. The one point six billion dollar deficit through revenue increased its. The biggest of which is so. The import tax. Our businesses. Large businesses but also small businesses about 1015100. Of pay tax on their inventory. And basically do an accounting measure called. A refundable tax credit he he he is proposing to race in the import tax. I'm not sure why he picked that one but. He's also going to race the but seven million dollars within the east the governor's argument is that's not a acts. I would. Disagree with momentum it's money that comes out of my pocket that. The 12 inspections we're not sure yet drooling and just general inspections. Let me basically is best back in jail letting the department church or in the separate them. And it the end of the day it's about. It's balance it's about 62% balance by increased revenue about 40% bounce back reducing spending. And and that. That's a very broad overview but that's it's still uses the boat was still use about 300 million dollars in non recurring revenue. So it doesn't release part in that respect that solve our problems all term. John Yang thing about this can be viewed outside of a political contacts and asked you for. Governor that. In my opinion is deluding himself and I think in the could be president of the United States and trying to prove. His conservative credentials he had to do away with. Hum a tax credit on inventories it would seem to be is anti business as you can be. What surprised that that's what he chose to do. Only fourteen states happening inventory tax. But this will make us less competitive there it in my judgment they're they're. There were that we all have an opinion there are other things he could at times for example. We'd give away yet the unions of dollars every year. To to Baltimore. To create jobs. What a double workshop of more volatile but. Wal mart's Michael openness toward Lee you know because of giving them money they're short leash you know because their computers to elements within out of the. Now Lehman's I can be gone through Wal-Mart could bump in their treasures John Kennedy's you're telling me absolutely. I just bought some ma. Some work outs short they are at the other their sheep like man. I'm pretty cheaply the treasure so you think you'd like to money pretty close out the and also. Its nightly talk about jobs. It's Friday peppers does it okay. Tell me about. Tax credits film industry oil and gas. Economic impact are they worth it I have been trying for years you know John to find out bottom line. Is it a good business deals and if you want to contrast oil and gas is opposed to film industry or other credits I'd love to hear. Last year there were about a hundred demand major motion pictures made eighteen apple maybe we. So that extent I think don't tax credit that work but the truth of my matter is in terms of cost burst vs benefit. What's the state government. To do is pick up the ball and all the business. Department of economics department that you analogy and saying look we needed objective party. Coming in here and do a cost benefit analysis. And let's make a decision in the numbers of the. We'll tell those cuts and in agony buddy answer the phone that's very true particularly unit and all you and thank god a you know John. I graduated from new you know and in this hits me hard because you know Clancy Dubose said of this quote that you know built the middle class new Holland at. So don't you know it was our ninety classes when you see here's the thing and you note this with you and millions of many students. That are working and when you make it harder and harder negate classes of people at work don't care about that so. Go ahead you've got to recognize. And I just don't understand. Black how would you cut higher education but then have the nerve to increase but by 9%. The spending on a voucher program. Yet he has the governor is proposing to and creature spinning or vouchers that's part of this is education budget. What. We do not have to cut higher education in my opinion I'm given the government should matter is some other people give him some odd years. Where we can have more pockets to higher education I am hoping that that is folks will consider which. There will be a push back on this budget just to be pushed back about. About being with us via the health clinic because if you shut on the scale clinics people just gonna go to Mars and its impact and more money. There will be pushed back from from the small business community on the in the door tax act until. In terms of cigarette taxes to do you have a percentage on our how much money that's gonna. Bring in announcing anyway politically that pass. It's about a hundred million dollars as best I can deal depending on how that race and let's say race. Actually I think for the legislature Tommy would you agree or disagree with the approach. I think he had cigarette tax will probably be more habitable. Then raising taxes on about small businesses that in the court. Act and I don't smoke John I have an opinion either way I just think politically. I don't know how that's gonna get through but maybe it will come to real quick in terms of the money on the vouchers. Di di thing as money well spent. A personal opinion Tommy's yes I think that what we need. Support in that in pre K12 education. That might have a chance of war. I believe in competition in the schools I think the charter schools have been wonderful. I'm blue in the trap after you've got to properly regulate them you can't just give vouchers in each bill he got to make sure it's reputable screw. I will try because what we're doing now is we're reconcile progress we're not making enough progress. Are you conceding the governor's race David better. I'm sorry as senators are you conceding they doubt there's traced to David better. I don't I'm not too good at predicting political right economy. And I try to bump it into centuries. Probably we have four good people running governor governor. Lieutenant governor dark listen to better. Commissioners got on jail representative John Billy Edwards are all I'm all wrong I compare all very much are all very bright. Yeah yeah you remember the promise. You've made it very good news here prop. I appreciate your time is always an interesting conversation year old Artie. I'm now. I know tragedies armaments of Mars and back thank you thank you that giant in Louisiana State treasures. It's not about feelings and you knows well if you went there he feel about the steep cuts via the child. And a might be your only option you know did it go to Ewan known get a degree. How important you think you know is to local community I think it is extremely important seventh when he port timely traffic that would editor rob. I Tommy target of an appeal to augment the governor's budget specifically with human though. Education cuts not to mention cigarette taxes it setter and Marie in coming in high under the W good morning. Good morning you know what's a secretary. Church. Utley should get a chance war. A look at what. Age it looked at the revenue is generated huge debt or all these chart. I don't want to or seal the all of these wetlands at least least stable we took out complicit in not doing their job art taught in. How these wetlands managed to line yet production but that mop climber all it has the the do or libraries Al plants and grow at all moved steadily every. Week George. That those to knew that Al Assad brought to our country. We would generate revenue this State's general all we need to repair the way that nobody but look at that. The reason is the fact that there's a lot tribute by politicians stay out. You cannot will be oh at it won't be at the ailment that we have these people trapped. That gave the generated there and built up it kept that lead our country. That matters that are used Archie back to Italy. You know this refinery is not built in a long long time because nobody wants one near damn I don't know. And nobody told me no well. Yeah I know somebody did Tom long time ago made him in Eric Smith from two lane that. And then again lean on a week. Import gasoline exported I don't know I'm glad you called pandering. Sure I'll be a target date thank you widget can remember that gasoline. Refined oil and gasoline and remember 730 time a look at news that we go to new got an appeals David like. I was trying to watch NASCAR yesterday and here of that commercial and at that nest and it's Indy racing but. I don't meaning anybody man here I swear to goodness if you loving god bush and people do. They're very passionate about it I think it's a great sport from the ages I don't. That's irony car I'd love that yeah. They're younger driver in the race car but it's not happening at Torrey on TV and they tell me and we had a lady on that if he guarded at speedway and paid a money you get hooked the well nobody put you carnage track if you want. I'm not Kenya she told us that really yeah she told is that. And I would I would love to get became Maria there's a fine. As a final audio alas it's harder would fall apart maybe it would maybe he'll win but I'd love to do it man uptown and you get that camera precedent panel led easily exceed she instilled the 150. Now not that it ever -- dollar you'd never do some word of steel there I would love that make it to you l.'s of that EG US I would enjoy gosh like meego frustrated racecar driver but I. But I want to borrow one of their Lamborghini east to do it or something you know I got those 2 am and NASCAR are real and I really am not that it's either Dallas and only to watch it. And yet your would love to do. Interest it would get a psychologist on the article which. Jordan book four hours that far. About a week. I. And they get it maybe it. It I hate between now and 8 o'clock you can hear John Mellencamp sing and RO CK in the USA when you do what will he be the number to call in win tickets to see him. In concert Tuesday march 10 that this angered theaters so a great show and free tickets coming up. Under the W I would talking about the governor's. Budget that he kind of it's trial balloon the budget that he let Gil on Friday Ian and the people are now reacting to Angus is always starting point for negotiations. Representative Julie stokes joins us right now one of two. Representatives. Understand it represented stokes that are proposed changes to the film tax credit system. Tell me as it stands now and I've been trying to get an answer for a long time whether it's a good deal for the taxpayers are not row treasurer Kennedy says Indians. Senator Kennedy and any tax credit card would be out of the pack. I think that's what he told me is up and ask and as for three years ago I think is an overall. It was a good business deal I think that's what he said did you Julian on on a one misquote him but I'm pretty sure that's what he says. I have that that is bat. You know and intangible and a lot of value it comes to people and in the economy that doesn't recorded by. Hacked it infuse state coffers you know. I think if you look at a lot of indirect. I don't know that it would make her what coming back this week it all of the count in terms that the audit all of that travel agents that are looking. Tickets you know equality peripheral things is it up. You know one of the things that we are really work and Martin used to bring a peeping program this year to bring accountability. I you know responsibility end and on the belly taxpayer valued program. I'm you know I have to a couple of months you know. I think they're design. Should really completely for that purpose effort in and I'd build that network with between Natalie in exciting EPA's. And that will lead to an economic development. To develop. Just as stable and how all of these and they're going to be. Quote unquote audited and feed you understand that the work on it means that certain things. When you sale of these incentives just for a second eat you come on oil and gas and every but now it's. Mail yet well not just spill but it there's a bit of motion pictures I've read certain development digital interactive media. Sound recording me it would be accurate ball better than shop and little. And consistent. The requirement. It's our audit. We're gonna hit bottom line on Saturday erupt just understand is this is bottom line. Would the tax credits that were given for what date. It's spend here it not. Yeah including at all economic benefits stimulus those kind of things. If it's on the tax dollars it on the money that they spend here on that you. Louisiana and yours is wrong and they can we get the goods and services in Louisiana. Louisiana vendors are on I'm used to them or is it that. Importantly this state. Louisiana was the base Martin who you know it. And the majority of why we've done it that the motion picture industry and those. Those audits but we wanted to make sure that we were making everything standard and consistent along with other programs as well. And get a texted schism putting words in the Kennedy's mouth he said we need to take a closer look we go back and listen to it but I'm pretty sure. We got we have the sound let's listen when he said. Last year there were about a hundred and and major motion pictures made eighteen up remaining lease you know. So that extent I think don't tax credit work to but the triple ma matter is in terms of cost burst vs benefit. What's the state government needs to do is pick up the ball and all the business. Department of economics department at you have no analogy and saying look we needed objective party come in here and do it a cost benefit analysis. While I'm glad you texted him because I certainly miss. Understood that so that being said representative stokes at that makes more sense to you. It is a great program and you were being ours it's certainly a work in. I'm at a tax credit is designed to particular industry chore at work. Yeah that being said we have to make sure that such big expense in the states that we at the accountability for. That we exercises and respond the way which means not ignore off and it. I'm an understatement. And it it also bringing value to taxpayers and I think from the loop that we're making are being designed to Tunisia. Would this be accurate. Type in up a little bit but not so much where. You'll run business off the where you'll still get the business in the state a little bit more. Well exactly and the taxpayers we can't get a little bit more in return. On the Internet that you the morning in his business you know maybe some more work for the local. I you know my question is is there a tipping point at which. Being in and then aren't as important and the fact that it infrastructure and all the personnel complaints the on the key drivers. I appreciate your time I really do. And com. John Young was on parish president nine I don't mean to demean you or your office or anything like they have on here and and Europe from tanner and it was a reviewed and opera you're doing. Bag I'd go thank you represented about we did talk to you again. Due East Coast hers is better and a giant and hers as it Attica but the candelabra 7519. Before a town a look at traffic for them and terror province. We've been talking about the budget and we will continue to. But before you freak out. About this dress since and I don't edit dress again lowered our money on any talk about addressed geez Louise you talk about the dress and a different college thing. Something hit me. Over the weekend. And it made me think. Of this dress v.s on V. And those of you listen regularly no line no to use of trees p.s of the but these be addressed vis a vis. Sully Sullenberger. And landing that jet in the Hudson. In memory than. So I think I can link this dress. To Sully Sullenberger landing in the Hudson. And I would implore you to keep listening because I think it's gonna be pretty interesting it's not so much about the colors of the drought has sort. Whether it is black and blue or white angled it's that are it's something different. Something a little more ethereal than that something a little more. Detailed intellectual than that it ties in the Sully Sullenberger. And keep listening to you how Tim to antidote to morning or Devin WL. Yet to comment or talk about John Bell at word. The candidate. Who is symbolizing. The Republicans. That is he is saying it bidder is simply. Jindal in the and that garden is a miniature Jindal and it goes on down on like that which to me is. Thoroughly adequate for what Jindal has done to this state. Let's help them hospitals and with the education. So repeat Laguna John Nolan gone the most Democratic Caucus. John Bell Edwards is saying that. As a candidate he is saying that someone like theater is nothing but Jindal and he. But do you think a Democrat really has a chance of getting elected in Louisiana governor. Now it yeah you're right Tim and I and I should've said that does anything can happen and we're not in the business of picking candidates here coming back talking about. The dress visa being Sully Sullenberger and evidently well.