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In The Spotlight

Louisiana Needs a Higher Wage

Louisianans of all political stripes strongly favor establishing a state minimum wage of at least $8.50 an hour that would keep pace with the cost of living, according to polling data released as part of a new report from the Louisiana Budget Project.
 
The report by David Gray, “Louisiana Needs a Higher Wage,” also found that an $8.50 minimum wage would provide an immediate raise for 184,000 workers, create an estimated 1,400 new jobs and pump more than $187 million into Louisiana’s economy.
 

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The Daily Dime

Shreveport rallies for payday lending reform; Additional data on TOPS recipients may be collected; Federal grant programs available for workforce development; and Report offers guidance on structure and use of state rainy day funds.

$20 billion —  the dollar figure of budget cuts averted by states with rainy day funds in the during the last two recessions.  Source Center on Budget and Policy Priorities

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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

LBP statement on House Bill 239

Posted on April 7, 2014

Louisiana Budget Project Director Jan Moller issued the following statement about House Bill 239, which was narrowly defeated by House Commerce Committee today:

“It was disappointing to see a majority of the committee side with the payday industry over the need to protect consumers from these unaffordable loans. Capping interest rates at 36 percent would have kept millions of dollars from leaving our communities and protected vulnerable Louisianans from cycles of debt that lead to closed bank accounts, lost jobs and bankruptcy.

“We commend Rep. Ted James for bringing this important bill and speaking out for Louisiana families.”

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