Sometimes simply going out to collect funds that are owed isn't an easy task for a state. If you're skeptical of this, look no further than Baton Rouge, Louisiana, which recently attempted to beef up collection methods. A collection agency should attain the money that a client is owed by any legal means but that does not exactly mean that the end game is going to be met. When Louisiana isn't doing the best job collecting money owed to taxpayers, perhaps a few changes are in order.
Businessweek.com said that the root of the debt collecting problems for Louisiana is that there is no sense of a centralized collection agency present. Without a focused group to handle the money that comes through, in this regard, large sums of money are gone unpaid. In fact, over $1.4 billion in debts have gone unpaid and Louisiana has felt the brunt of it. The state is in desperate need of a strong agency such as R-R-S in order to take care of monetary matters but without it, the state is going to remain in the financial shambles that it's in.
As spoken of in Businessweek.com, Representative Chris Broadwater once sponsored an idea that could have been used to pay off at least some degree of the debts. The degree would be helped by what would be called a two-year pilot program. For those not in the know, what this would do is let the state either auction or sell off slices of long-term delinquent accounts. In turn, cash would be produced and the funds would, to some degree, be able to pay off the debts since the money owed can be collected from there. At the least, this is one area where the monetary status can change positively.
The problem with Broadwater's idea, in my estimation, is that it seems to be a short-term solution to a problem that deserves long-term attention. $1.4 billion and counting isn't exactly a small sum and it's an issue that isn't going to simply be solved overnight. Constant attention is going to have to be given and I can't help but fear that Louisiana citizens are going to feel the brunt of massive debt through increased prices. I am willing to bet that most of these people don't have issues with debt, so why should they suffer?
Louisiana, as a state, has found itself in a great amount of debt thanks to unpaid amounts. The state being in a great amount of debt, $1.4 billion and counting to be exact, has been a detriment to not only Louisiana the state but its citizens as well. It's no question that they will continue to suffer, even if they don't particularly have debts to pay off. Hopefully this problem will be rectified in due time but until that instance comes, Louisiana may continue to find itself in dire straits.
Businessweek.com said that the root of the debt collecting problems for Louisiana is that there is no sense of a centralized collection agency present. Without a focused group to handle the money that comes through, in this regard, large sums of money are gone unpaid. In fact, over $1.4 billion in debts have gone unpaid and Louisiana has felt the brunt of it. The state is in desperate need of a strong agency such as R-R-S in order to take care of monetary matters but without it, the state is going to remain in the financial shambles that it's in.
As spoken of in Businessweek.com, Representative Chris Broadwater once sponsored an idea that could have been used to pay off at least some degree of the debts. The degree would be helped by what would be called a two-year pilot program. For those not in the know, what this would do is let the state either auction or sell off slices of long-term delinquent accounts. In turn, cash would be produced and the funds would, to some degree, be able to pay off the debts since the money owed can be collected from there. At the least, this is one area where the monetary status can change positively.
The problem with Broadwater's idea, in my estimation, is that it seems to be a short-term solution to a problem that deserves long-term attention. $1.4 billion and counting isn't exactly a small sum and it's an issue that isn't going to simply be solved overnight. Constant attention is going to have to be given and I can't help but fear that Louisiana citizens are going to feel the brunt of massive debt through increased prices. I am willing to bet that most of these people don't have issues with debt, so why should they suffer?
Louisiana, as a state, has found itself in a great amount of debt thanks to unpaid amounts. The state being in a great amount of debt, $1.4 billion and counting to be exact, has been a detriment to not only Louisiana the state but its citizens as well. It's no question that they will continue to suffer, even if they don't particularly have debts to pay off. Hopefully this problem will be rectified in due time but until that instance comes, Louisiana may continue to find itself in dire straits.
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