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 financial crisis confronting Louisiana’s colleges and universities is well known: Faced with chronic revenue shortfalls fueled by irresponsible tax cuts, Louisiana policymakers have responded by making deep cuts to state support for public colleges and universities, and having students make up the difference through tuition hikes.… Read more...
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.
After years of decline and stagnation, the median wage in Louisiana rose 39 cents from 2012 to 2014 to $15.63 an hour, and Louisiana added 54,000 jobs over that time. More Louisianans had jobs than ever before, and wages for women gained ground on their male counterparts.
Unfortunately, that is where the good news ends.
Fifty years ago this week — July 30, 1965 — President Lyndon Johnson signed the law creating Medicaid. To mark the occasion, a new report from the Louisiana Budget Project shows just how important Medicaid is to the health and well-being of Louisianans.
Louisiana’s legislators took modest steps to address the state’s structural deficit this session, but missed several opportunities to fix the bigger problems—the widespread poverty, poor health access and low education attainment that keeps too many hard-working Louisianans from reaching their full potential.
By Steve Spires
Louisiana taxpayers have spent more than $1.5 billion over the past decade subsidizing film and TV production. Various independent studies over the years have given different estimates of the industry’s fiscal impact, yet they have one thing in common: All have found that each dollar the state spends on film production returns only a few pennies to taxpayers.… Read more...
The Louisiana Legislature starts its 2015 session this week amid a historic budget crisis that was years in the making. Louisiana’s constitution requires a balanced budget, yet the projected gap next year between tax revenues and expenses stands at $1.6 billion. Unless this deficit is plugged in a thoughtful manner that includes new revenues, the result could be deep cuts to critical state investments in education, health care, infrastructure and public safety.
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