Why are non-essential expenditures funded? Wednesday, Nov 12 2014 

Budget axe

Axe Alvarez and Marsal!

Friday, Bobby Jindal  issued a freeze order for all “non-essential spending.” ( See story here.)

Silly me, I thought we spent millions of dollars to pay Alvarez and Marsal to eliminate wasteful spending and deliver needed services more efficiently.

Government should not be spending our hard-earned tax dollars on non-essential spending. Why is it?    Maybe A&M can tell us.

We taxpayers need to see a detailed list of what the state bureaucrats consider non-essential items on which our money is being spent. First order of business during the 2015 lege session should be for the items to be deleted from Team Jindal’s proposed budget for 2016 Fiscal Year.

Before then, the leges should demand our money back from A&M.  Clearly, that was a non-essential expenditure.

C.B.

“King of Subversive Bloggers” – James Gill

Why should we believe her? Monday, Nov 10 2014 

kristy nichols

Can she be believed?

Recently, Commissioner of Administration Kristy Nichols, out of the blue, announced that the state ended the 2014 Fiscal Year (June 30) with a $178 Million surplus. Thursday, she admitted that instead of a surplus the state ended the year with a $141 Million deficit.  That’s over a $300 Million turnaround.

Also, recently Nichols said the actuaries for the Office of Group Benefits (state employees and teachers’ health insurance program) recommended reducing the premiums because the reserves were too large. Documents from the actuaries indicated no such recommendations.

Additionally, Nichols claimed that the reduction in benefits and increase in premiums for OGB were not subject to the Administrative Procedures Act (and lege oversight).  The Attorney General ruled otherwise. Suddenly, Nichols began following the APA.

Friday , we read in the paper that Nichols said that State Treasurer John Kennedy cost the taxpayers $2.8 Million by delaying a bond sale. If the figure is even correct, the delay was caused not by Kennedy, but by Nichols insistence on reporting to the bond rating agencies a false surplus (in violation of Federal Law) for the 2014 Fiscal Year.

All of this is to say that Nichols’ pronouncements need better scrutiny. If the media is going to report whatever flows out of her mouth, they should be more circumspect of the information. It’s not enough to merely put her words in quotation marks.

C.B.

“King of Subversive Bloggers” – James Gill

Kristy Nichols lied ­– AGAIN! Friday, Nov 7 2014 

kristy nichols

The State Liar

How does one know when Commissioner of Administration Kristy Nichols is lying? According to the word at the Capitol she is lying whenever she is speaking to a committee.

Recently, Nichols told the public as well as the Joint Lege Budget Committee that the state ended the 2014 Fiscal Year with a $178 Million surplus. State Treasurer John Kennedy said it wasn’t true.   He is the only public official who dared to question Nichols.

In response, Nichols launched personal attack at Kennedy. She even falsely accused Kennedy of not properly accounting for the state’s revenues, a job that falls under her responsibilities.

This afternoon Kennedy issued a statement regarding the $141 Million deficit for the fiscal year ending on June 30.  Here are some excerpts:

At Treasurer Kennedy’s urging, [Kristy Nichols] agreed to language that will apprise potential investors [in state bonds] of the state’s $140.6 million operating deficit and other pending budget issues.

“On a budgetary basis, fiscal 2014 state general fund operating revenues declined about 1% from fiscal 2013 while expenditures grew 2.5%, leaving a $140 million year-end operating deficit. The revenue shortfall did not emerge until late in the year in the fiscal year to make sufficient offsetting mid-year adjustments.”

Now Nichols will have to take $140.6 Million from the revenues in the current budget (which will result in mid-year budget cuts) to fill the deficit or she will have to reach into her secret stash of funds to pay off the deficit.

Kennedy is to be commended for having the integrity to refuse to furnish fictitious information provided by Nichols to the bond rating agencies. Not only would it have been illegal to do so, but could have been devastating to the state’s future bond rating.

C.B.

“King of Subversive Bloggers” – James Gill
 

« Previous PageNext Page »