In a letter to the leges dated January 5, 2009, the head of the LA Department of Social Services ("DSS") reported she will use $4.5 Million of surplus (one-time) FEDERAL dollars in the TANF program to replace State General Fund dollars to continue other programs administered by DSS.
All this is to say that don't believe the scare tactics you are hearing and reading about because of the temporary (Currently climbing to near $50 per barrel in case you haven't checked the price at the gas pumps today.) reduction in the price of a barrel of oil .
Didnít have to happen
Lower oil prices or not, there would be no state fiscal problem for this year or next year if Bobby Jindal and the leges had not added $1 Billion in STATE revenues to the budget they just passed this summer. There were better and more fiscally-prudent options.
1) Taxpayers could have been given a one-time tax break of $1 Billion. That would have done wonders for the economy of our state and would have paid dividends in the form of more tax revenues to the state.
2) One billion dollars could have been used to pay down the ever-growing state debt. Approximately $100 Million in annual debt service (recurring state funds) would have been freed up for other purposes in the state budget.
Under either scenario there would not be a deficit and the taxpayers would have been better served.
It's time to tell the politicians and bureaucrats to stop the scare tactics and to start managing OUR money as if it was your own.