Louisiana sales tax coming in as the third highest in the nation. In the report released by Washington-based Tax Foundation, only Tennessee and Arizona came in ranked higher.

State and local taxes combined, Louisianans pay about 8.8 percent.

State Treasurer John Kennedy says these rankings suggest Louisiana has enough money and can cut taxes. Kennedy says the state simply spends too much money.

Kennedy says there's a belief Louisiana taxpayers get a break on property taxes, because of the homestead exemption. But he says that's not the case anymore.