While many states flounder trying to deal with their latest funding crisis, by contrast Louisiana fares very well thanks in part to good decisions made by Gov. Bobby Jindal.
States have had to weather getting operating budgets in order, fending off a looming pension crisis, and now facing shortfalls in their unemployment insurance trust funds. States gather from employers a tax, based upon a myriad of factors with both a base federal component and additional state part, which goes into a fund from which the eligible unemployed may draw. The prolonged recession – ironically lengthened because the Pres. Barack Obama Administration with Congress’ compliance in the first half of his term slackened eligibility requirements – has created unemployment levels not seen in nearly 30 years, draining these funds in the states. This has caused many of them to do one or more of tighten eligibility requirements, reduce payments, increase taxes, or seek costly loans from the federal government.
But, while Louisiana has had to tackle budgets and pensions (in the case of the latter, half-heartedly), it has had no real worries with its unemployment trust fund.