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  • Moody's warns state credit rating may drop

    February 2, 2015 12:02 PM

    BATON ROUGE - State Treasurer John Kennedy said Moody's Investors Service notified them that Louisiana's continuing budget problems could lead them to downgrade the state's credit rating from stable to negative. Kennedy said such a rating would make investors less willing to loan the state money and raise interest... more »
  • Jindal and Kennedy reach a deal on $200M borrowing

    November 6, 2014 4:04 PM

    BATON ROUGE - Treasurer John Kennedy and Gov. Bobby Jindal's administration have struck a deal that will allow the state to borrow $200 million for construction work. Both sides confirmed Thursday that a compromise had been reached and no construction work was delayed. At issue was whether Louisiana ended last... more »
  • State reshuffling money to keep colleges afloat

    April 25, 2014 5:46 PM

    BATON ROUGE - Louisiana's public colleges had to get a $40 million loan from the state treasury to continue paying expenses. That's because the financing used by Gov. Bobby Jindal's administration to fund higher education has been slow to arrive. The loan request was filed this week with Treasurer John... more »
  • State construction projects back on track

    October 11, 2013 11:44 AM

    BATON ROUGE - Higher revenue forecasts and low interest rates have Louisiana's construction projects back on track. Louisiana had been close to its constitutional limit on debt. State Treasurer John Kennedy said the money to pay for ongoing construction was running out, with no room to borrow more.... more »
  • Nonprofit organizations tied to state senator check to see if lock exists for regeneration Play Video

    August 14, 2013 6:39 PM

    BATON ROUGE - A News 2 investigation shows links between Louisiana State Senator Yvonne Dorsey-Colomb, her husband and two nonprofit organizations targeted by State Treasurer John Kennedy's Office. Kennedy sent a list of Non-Governmental Organizations , or NGO's, that have failed to provide documentation to the state outlining how... more »
  • Kennedy seriously considering governor's run check to see if lock exists for regeneration Play Video

    July 29, 2013 2:32 PM

    BATON ROUGE - Treasurer John Kennedy said he's seriously considering a run for the Louisiana governor's office, but stopped short of throwing his hat into the race. He made the statement while speaking at the Baton Rouge Press Club Monday. Kennedy also announced today he's planning to give... more »
  • Ark. treasurer accused of taking cash from broker

    May 20, 2013 12:57 PM

    LITTLE ROCK, Ark. - Arkansas' state treasurer is being accused of repeatedly taking cash payments, sometimes in a pie box, from a broker who saw his share of business with the state increase in recent years. Martha Shoffner made her initial court appearance Monday and was released on her own... more »
  • Treasurer pushes for vote on Jindal tax plan

    March 29, 2013 10:20 AM

    BATON ROUGE - Treasurer John Kennedy says he thinks voters should decide whether to rewrite Louisiana's tax laws, if lawmakers pass Gov. Bobby Jindal's tax swap. Kennedy said in a column Thursday that the governor's proposal would impact every Louisiana taxpayer, so voters should decide in a statewide election if... more »
  • Governor Jindal responds to Treasurer on budget check to see if lock exists for regeneration Play Video

    March 4, 2013 10:20 PM

    BATON ROUGE - Governor Jindal used a statement to respond to Treasurer John Kennedy's rebuff of the state's budget. You can see the entire statement here: Commissioner of Administration Kristy Nichols said: "We appreciate the Treasurer's opinion, but given his long track record of half-baked gimmicks and his... more »
  • Treasurer slams Jindal's budget as unbalanced

    March 4, 2013 2:53 PM

    BATON ROUGE- Treasurer John Kennedy says Gov. Bobby Jindal's budget proposal for next year is unrealistic and unbalanced. Kennedy says that the state will face another round of midyear budget slashing if lawmakers approve the governor's spending plans for the 2013-14 fiscal year. The Republican treasurer says Jindal's budget includes... more »
  • Kennedy opposes $50,000 pay raise for Citizens CEO

    November 9, 2012 11:44 AM

    BATON ROUGE - Treasurer John Kennedy is urging rejection of a proposed $50,000 pay raise for the top executive of Louisiana's state-run property insurance company. Kennedy said Friday that he's hoping Insurance Commissioner Jim Donelon will refuse to sign off on the raise for Richard Robertson, CEO of the Louisiana... more »
  • Kennedy: Tax credit cost La. millions more check to see if lock exists for regeneration Play Video

    September 25, 2012 5:52 PM

    BATON ROUGE- A controversial alternative fuel tax credit could cost Louisiana about $24 million dollars, according to State Treasurer John Kennedy. Earlier estimates from the 2,500 filed claims put the cost at around $7.5 million, but Kennedy says it could wind up being much higher. Former revenue secretary... more »
  • Treasurer, Jindal Administration disagree over job report check to see if lock exists for regeneration Play Video

    April 26, 2012 4:53 PM

    BATON ROUGE - State Treasurer John Kennedy says the state workforce has been cut by about 7 percent over the past six years, but state employment costs have risen $650 million. The treasurer says proof is in a state audit made public in February. He says the only solution... more »
  • Electronic Social Security payments

    March 1, 2012 10:21 AM

    WASHINGTON D.C. - The U.S. Department of Treasury today kicked off a one year countdown to all-electronic Social Security payments. Treasurer of the United States Rosie Rios started the official countdown clock today. On March 1, 2013 all federal benefit recipients must receive their Social Security, and other... more »
  • State Treasurer warns of unclaimed property scam

    August 4, 2011 6:26 AM

    BATON ROUGE- State Treasurer John Kennedy has issued an alert to Louisiana citizens regarding a national unclaimed property email scam uncovered by the National Association of Unclaimed Property Administrators (NAUPA). According to NAUPA, Americans are receiving deceptive messages stating that it is from the director of NAUPA and that... more »
  • Report says state boards not reporting millions

    March 14, 2011 7:53 PM

    BATON ROUGE- State lawmakers have to make some tough budget decisions, but may not have everything they need to do it. A state report shows about three-dozen boards and commissions don't supply all of their financial records. Some of the boards not in compliance include the Southern High-Speed Rail... more »
  • State leaders weigh-in on new ideas for budget

    December 10, 2010 9:48 PM

    BATON ROUGE- The state treasurer equates some of the governor's new ideas to a drug addict selling valuables to get a quick fix. Governor Bobby Jindal tossed around some ideas with top legislators Thursday, that included selling state property, prisons, health care plans, lottery proceeds and state buildings, in... more »
  • Jindal adviser calls treasurer's plan unrealistic

    November 17, 2010 5:23 PM

    BATON ROUGE - Gov. Bobby Jindal's top financial adviser says a 16-point plan touted by Treasurer John Kennedy as a way to eliminate the state's budget shortfall is unrealistic and based on faulty figures. Kennedy has been traveling the state touting the ideas, which include cutting 5,000 vacant state jobs... more »
  • LA Treasurer says "chuckleheads" to blame for Gulf spill

    August 25, 2010 1:27 PM

    Louisiana Treasurer John Kennedy told Bloomberg Television today that human error was what caused the explosion and oil spill at the Deepwater Horizon, even calling people on the rig "chuckleheads”. Kennedy, a Republican, has urged the Obama administration to lift its moratorium on deep-water drilling after the explosion and spill,... more »
  • LA State Treasurer worried about BP's bankruptcy possibility

    June 11, 2010 10:34 AM

    Louisiana State Treasurer John Kennedy says he is worried that BP may use a Chapter 11 bankruptcy filing to avoid paying the U.S. government, the state of Louisiana and businesses damaged by the oil spill. In a letter to Governor Jindal, Kennedy wrote: "I believe it is imperative that... more »

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