We’ll find out this week whether there will be a special session to address the looming one billion dollar shortfall. Jeff Palermo has the story…
Cut 1 (31) “I’m Jeff Palermo.”
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Investors are jittery after the largest one day point drop in the history of Dow Jones. Matt Doyle gets advice from a pair of financial advisers…
Cut 2 (29) “I’m Matt Doyle.”
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Several state senators are urging Governor John Bel Edwards to call a special session this month to fix a one-billion dollar revenue shortfall for next fiscal year. Edwards is waiting on House Republicans to get behind tax bills to make up the shortfall. Port Allen Senator Rick Ward says for legislators to agree on a plan, they need to be at the State Capitol…
Cut 3 (11) “of happening.”
Ward is one of 14 Senators to sign a letter urging the governor to hold a special session after the Mardi Gras holiday. Ward says now is the time to address the loss of a billion dollars in temporary taxes on July 1st, so legislators know how much money they have available for next fiscal year’s budget…
Cut 4 (08) “long way”
Ward says senators are also asking the governor to make the special session agenda as broad as possible…
Cut 5 (09) “fall apart”
Edwards says he’ll need to issue a call for a special session by Friday in order for it to start and finish before the regular session begins March 12th. Edwards says he’s still waiting on House leadership to support some revenue generating proposals, before he asks legislators to come to Baton Rouge for a special session…
Cut 6 (07) “produce results”
It’s been a reported a possible start date for the special session is February 19th.
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Workers are seeing a difference in their paychecks. The federal tax reform bill has kicked in, giving the average worker, according to the nonpartisan Tax Policy Center, an additional one-point-six-percent more in take home pay. Co-owner of Metairie based Crescent Payroll Solutions Sanders Offner says…
Cut 7 (10) “their paychecks.”
But not everyone is seeing the increase just yet. Offner says some of the income tax bracket changes are just getting to some employers…
Cut 8 (10) “in January.”
Offner’s phones have been off the hook with their clients calling asking why their employees are making more money. He says once their client is aware of the tax changes, everyone becomes happy…
Cut 9 (08) “in itself.”
He adds that any who didn’t get the tax incentives on their January checks can make the proper adjustments on their tax forms next year.
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Investors are concerned with the recent drop in the Stock Market. Monday’s drop of 1,175 points of the Dow Jones Industrial average was the biggest one day point decline and percentage wise the largest loss in six years. Financial analyst Fred Dent says it’s not a time to panic, but a time for investors to reevaluate the market…
Cut 10 (11) “whole year.”
Was this drop predicted and is there a way to see into the future if stocks are heading into a bear market? Andy Anderson says ignore what some television analysts are saying and look at how your portfolio has performed in the past…
Cut 11 (09) “the trend.” (2X)
Anderson says if you find yourself concerned about your portfolio, don’t sell out. He says it’s a good time to talk with a financial adviser…
Cut 12 (10) “rich quick.”
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A Krewe of Oshun horse rider was given a citation for animal cruelty after they were filmed abusing their horse Friday during the uptown New Orleans parade. SPCA Communications Director Alicia Haefele says the video was a disturbing example of animal abuse.
Cut 13 (11) “off screen.”
The horse is in good condition and is being transferred to SPCA control.
The video spread quickly across social media, and the SPCA was able to discover the rider’s identity after contacting the different riding Krewes. Haefele says the video is spurring a conversation about animal treatment during carnival season.
Cut 14 (12) “the past.”
Haefele has some recommendations for good Samaritans looking to stop animal abuse.