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Budget

Overview: Fiscal Year 2018 Budget

Posted on March 13, 2017

Gov. John Bel Edwards’ 2017-18 fiscal year executive budget is built on $9.469 billion in state general fund tax receipts, of which 92 percent ($8.750 billion) will be used to fund general government operations. The rest would finance the Legislature and judiciary, along with required spending on debt service and other obligations.Read more...

The FY 18 Executive Budget

Posted on February 23, 2017

Gov. John Bel Edwards released his budget blueprint for the 2017-18 fiscal year on Thursday. It is built on $9.469 billion in state general fund dollars, which is $155 million less than in the current budget. Overall spending would increase by $1.4 billion.… Read more...

REPORT: Blueprint for a Stronger Louisiana

Posted on February 22, 2017
It's time to trade the never-ending cycle of budget shortfalls for long-term stability that allows for new investments in Louisiana’s communities. #InvestInLA
The goal of tax reform should not just be to stop the bleeding - although that’s important.
In the two decades since the federal government overhauled America’s welfare system, Louisiana has steadily diverted money meant to help struggling families gain economic security.

By Jan Moller

Times of crisis call for shared sacrifice. But the deal being offered by big business interests to solve Louisiana’s historic budget shortfall would violate that basic principle by putting too much of the burden on working families that can least absorb a tax increase.… Read more...

The federal deduction needs reform

Posted on February 22, 2016
Louisiana policymakers have a rare opportunity to reform an unproductive tax break that costs the state nearly $1 billion per year: the deduction for federal income taxes.
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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