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In The Spotlight

A stronger EITC can mitigate sales tax increase

As lawmakers consider their options for raising necessary revenues, they should make sure that low-income and working Louisianans aren’t disproportionately hurt by any tax increases. The best way to do that is to expand Louisiana's Earned Income Tax Credit.

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The Daily Dime

Governor requests changes to budget; Business tax breaks stalled by governor; How safe is IBM? and; Housing “Out of Reach”

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The Daily Dime is a summary of the day's news stories related to the state budget and issues that affect low- and middle-income individuals and families, compiled every business day by Louisiana Budget Project staff.

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Our Two Cents

BATON ROUGE – Years of reduced investment by Louisiana in higher education have helped drive up tuition, jeopardizing the ability of many to afford the college education that is key to their long-term financial success and essential to a growing economy.

Louisiana has cut funding for higher education by 39.1 percent since 2008 when adjusted for inflation, a decrease of $4,602 per student, according to Funding Down, Tuition Up: State Cuts to Higher Education Threaten Quality and Affordability at Public Colleges, a new report from the Center on Budget and Policy Priorities.

As the state has slashed higher education funding, the price of attending public colleges has risen considerably. The average tuition at four-year public colleges in Louisiana has risen by $3,493, or 79.1 percent, since the 2007-08 school year— significantly faster than the growth in median income. For the average student, federal and state aid has not kept pace with rising costs, the report found.

To read the rest of the news release click here. To read the full report, click here.

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