Louisiana State Treasurer John Schroder talks about the just completed legislative session and the vast amount of unclaimed property by the state's citizens.
With the report from Treasurer John Schroder of a $300 million surplus, KEEL's Robert J Wright explains to morning show co-host Erin McCarty who got it "so wrong."
John Schroder says that he was opposed to the nearly half penny sales tax pushed by the John Bel Edwards during the summer's special legislative session.
John Schroder says that although the Moody's upgrade is a step in the right direction, it is also necessary that Louisiana make changes to its budget process.
The Treasurer points out that the current Louisiana pension liability is $19 billion, which ranks the state 12th in the country in unfunded pension costs.
Treasurer John Schroder says that he has faith in the revenue conference's estimates, "but it still doesn't change the core problem with state government."