Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Louisiana has lost nearly $1 billion in sales tax since Katrina
AP ^ | October 28, 2005 | AP

Posted on 10/28/2005 1:08:35 PM PDT by caryatid

BATON ROUGE, La. -- Louisiana's budget deficit got an official number Friday, nearly $971 million lost in state tax income that the governor and lawmakers will have to slash from state spending in the remaining eight months of the budget year.

Economists warned the budget problems could worsen as they get more concrete details of the lost sales, income, gambling and business taxes from the back-to-back blows of Hurricanes Katrina and Rita.

(Excerpt) Read more at wwltv.com ...


TOPICS: Business/Economy; News/Current Events; US: Louisiana
KEYWORDS: business; katrina; la; labudgetdeficit; louisiana; rita
Navigation: use the links below to view more comments.
first previous 1-2021-4041-46 next last
To: caryatid

You can't lose what you never had. Revenues are down because there are not as many people there! All your dollars are belong to the people.........


21 posted on 10/28/2005 1:27:34 PM PDT by Red Badger (I've eaten so much crow in my life that I'm immune to bird flu.........)
[ Post Reply | Private Reply | To 1 | View Replies]

To: caryatid

Before we shed tears for New Orleans over lost sales tax revenue, keep in mind that this is a potential loss. It's not the same as losing actual cash in hand.


22 posted on 10/28/2005 1:32:20 PM PDT by R.W.Ratikal
[ Post Reply | Private Reply | To 1 | View Replies]

To: caryatid
I'm sure the pain is greater in Mississippi; those Gulf casinos meant a lot of money.
23 posted on 10/28/2005 1:35:07 PM PDT by kingu (Draft Fmr Senator Fred Thompson for '08.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: caryatid

One important point. If there are fewer people living in LA, wouldn't it be logical to assume the state, aside from hurricane repairs, would have less needs for spending? Wha's that? I forgot. This is a Democrat controlled state so the fewer the people, the more money is needed to run things.


24 posted on 10/28/2005 1:36:01 PM PDT by doc30 (Democrats are to morals what and Etch-A-Sketch is to Art.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: boomop1

I visit a company that set up 5 office trailers in the parking lot of their Tennessee facility and moved their operation to Tennessee. The talk is that the move is permanent. They call it the fivewide as "she is over there in the fivewide"

They have erected a flagpole and fly the LSU flag.


25 posted on 10/28/2005 1:40:26 PM PDT by bert (K.E. ; N.P . Chicken spit causes flu....... Fox News)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Prime Choice

No it's not just sales tax revenues that they lost but state income tax revenues too. Over 200,000 jobs were lost in New Orleans alone, you know like doctors, lawyers, refinery workers, professional football players, etc. We got hit by two major hurricanes and it affected both the income tax and sales tax revenues. If people don't work they don't make money, if they don't make money then the state and fed don't get their revenues.



26 posted on 10/28/2005 1:45:28 PM PDT by CajunConservative
[ Post Reply | Private Reply | To 4 | View Replies]

To: CajunConservative

Yep... I agree that Louisiana was hit pretty hard. From what I recall, Mississippi and Alabama got nailed too.


27 posted on 10/28/2005 1:48:37 PM PDT by ken in texas
[ Post Reply | Private Reply | To 26 | View Replies]

To: caryatid

Raise the sale tax rate then. Sheesh. Stupid politicians.


28 posted on 10/28/2005 1:49:39 PM PDT by Cboldt
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cboldt


Agreed, if the state is losing money do what every other good lefty does: raise taxes on the poor saps that still live there....


29 posted on 10/28/2005 1:55:53 PM PDT by Tzimisce
[ Post Reply | Private Reply | To 28 | View Replies]

To: CajunConservative

I placed a big order with Dixie Art Supply this week. Doesn't help the sales tax base in LA but helps a business still trying to operate in LA...


30 posted on 10/28/2005 1:57:20 PM PDT by Arizona Carolyn
[ Post Reply | Private Reply | To 3 | View Replies]

To: ken in texas

They did not get nailed twice in a month though. SWLA was able to pick up some of the slack revenue wise until Rita hit. Just the lost revenue from the gambling, petrochemical industries and other businesses that were offline for over 3 weeks caused a greater loss than had the state been hit by only Katrina. That is where the greater losses have come from.


31 posted on 10/28/2005 2:00:27 PM PDT by CajunConservative
[ Post Reply | Private Reply | To 27 | View Replies]

To: kingu
Has anyone else noticed?

New Orleans did NOT get the wind and surge damage that Mississippi and Alabama did..

New Orlean's suffered most of their damage from breached levies, looters, vandals, poor local emergency planning and execution and corruption..

Yet -- New Orleans and Louisiana are CONSTANTLY raising hell and complaining about how bad things are --- and their "citizens" continue to suck at the public tit and demand MORE!

We haven't heard much, from the innocent and deserving victims of Mississippi and Alabama...

I'm curious ---- does anyone know why?

Semper Fi
32 posted on 10/28/2005 2:03:53 PM PDT by river rat (You may turn the other cheek, but I prefer to look into my enemy's vacant dead eyes.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: river rat

Face it a major city was destroyed that is why you hear about it and the MSM has focused only on NOLA. I live in SWLA that got hit hard by Rita and we are handling the problem very well so the MSM moved on.

I'm sure if San Francisco or LA would get wiped out in an earthquake then we would be hearing about it for a couple of months too wouldn't we?


33 posted on 10/28/2005 2:11:41 PM PDT by CajunConservative
[ Post Reply | Private Reply | To 32 | View Replies]

To: river rat
I'm curious ---- does anyone know why?

Yea, I know why. But if I told 'ya, you'd probably call me biased or racist ...

34 posted on 10/28/2005 2:11:54 PM PDT by hillary's_fat_a**
[ Post Reply | Private Reply | To 32 | View Replies]

To: kipita

If they'd open a season on Louisian politicians, I'd pay five bucks for a license, twenty if there was no bag limit.

Probbly oughter be a good idear to invest in a flak jacket though, to give hunters a chance of surviving all the friendly fire.


35 posted on 10/28/2005 2:16:16 PM PDT by jeffers
[ Post Reply | Private Reply | To 20 | View Replies]

To: caryatid
Maybe Louisiana should extend their desire for relocated former residents to still be allowed to vote in local elections, to also include sending a portion of the sales and income taxes that they pay in their new residences back to Louisiana as well.

-PJ

36 posted on 10/28/2005 2:19:27 PM PDT by Political Junkie Too (It's still not safe to vote Democrat.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jeffers
If they'd open a season on Louisian politicians, I'd pay five bucks for a license, twenty if there was no bag limit.

In Cajun country, there is a simple rule "if it moves and appears that it's a living thing, shoot it, put some sauce on it, and eat it". No limits!

37 posted on 10/28/2005 2:30:35 PM PDT by kipita (Conservatives: Freedom and Responsibility………Liberals: Freedom from Responsibility)
[ Post Reply | Private Reply | To 35 | View Replies]

To: CajunConservative
No it's not just sales tax revenues that they lost but state income tax revenues too.

Easy to enough to deduce when the headline states that the entirety of the loss is in sales taxes.

38 posted on 10/28/2005 2:34:06 PM PDT by Prime Choice (I can open hearts and minds effortlessly. I have a hacksaw.)
[ Post Reply | Private Reply | To 26 | View Replies]

To: doc30
If there are fewer people living in LA, wouldn't it be logical to assume the state, aside from hurricane repairs, would have less needs for spending?

Wha's that?

Logic. Inapplicable in a dem run state. LOL

39 posted on 10/28/2005 2:45:53 PM PDT by caryatid (There are none so blind as those who will not see ...)
[ Post Reply | Private Reply | To 24 | View Replies]

To: YouPosting2Me
Go bankrupt and let Texas buy the state.

That's a non-starter. Texas doesn't want it. Louisiana would have to PAY Texas to take it.

40 posted on 10/28/2005 2:49:15 PM PDT by Types_with_Fist (I'm on FReep so often that when I read an article at another site I scroll down for the comments.)
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-46 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson