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The Daily Dime

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. Click here to have the Daily Dime delivered to your inbox.


Edwards wants specifics on budget cuts

Posted on November 10, 2017
Conservative critics who want to address Louisiana’s $1.5 billion fiscal “cliff” with budget cuts instead of tax reform have an obligation to detail where those cuts should occur, Gov. John Bel Edwards said Thursday to several hundred citizen activists convened by Together Louisiana.

Number of the Day

601,462 - Number of people who signed up for health insurance through the ACA’s individual marketplace during the first four days of enrollment, outpacing sign-ups from last year. (Source: Centers for Medicare and Medicaid Services)

Cliff notes: The 2018 shortfall

Posted on November 9, 2017
Much has been written about the state’s looming fiscal cliff, often with different numbers or approximations used to describe the size of the shortfall.

Number of the Day

$1,033 -  The average amount visitors spent (per person) on a trip to New Orleans in 2016, which is more than the $1,023 average weekly wage of all workers in the city.  (Source: The State of Working New Orleans report)

Health care fits and starts

Posted on November 8, 2017
While President Donald Trump’s administration pursues one administrative action that would make it harder for some people to access Medicaid along with another that would threaten essential health benefits, people around the country are voicing support for the Affordable Care Act.

Number of the Day

3 million - Number of low-income immigrant children who would be denied the Child Tax Credit under the tax bill in the U.S. House of Representatives. (Source: Center on Budget and Policy Priorities)

House tax plan benefits richest 1 percent

Posted on November 7, 2017
The wealthiest 1 percent of Louisianans will get the greatest share of the tax cut plan proposed by the U.S. House of Representatives. And the share of the tax cuts going to the top 1 percent would grow through 2027, according to a 50-state analysis of the House tax plan released yesterday by the Institute on Taxation and Economic Policy (ITEP).

Number of the Day

48 percent - The top one percent of earners’ share of the proposed House tax cut in 2027  (Source: Center on Budget and Policy Priorities)

Putting the brakes on managed care

Posted on November 6, 2017
The Medicaid health insurance coverage that 1.5 million low-income Louisianans rely on is imperiled after partisan maneuvering blocked the renewal of managed care contracts on Friday.

Number of the Day

8.5 - Percentage increase in the number of young adults, ages 25-34, in New Orleans, from 2010 to 2015, ranking the city 5th on a national ranking of “Millennial Magnet” cities. (Source: Urban Land Institute via Time)

Tax plan favors richest

Posted on November 3, 2017
The $1.5 trillion House tax plan released Thursday prioritizes tax cuts for the wealthiest households and profitable corporations and would dramatically increase the deficit.

Number of the Day

13 million - Number of families who make under $100,000 per year who would face a tax increase under the House tax plan. (Source: The New York Times)
House Republicans released their tax plan this morning, one day later than originally scheduled due to last-minute negotiations. The plan would cut taxes for corporations and individuals by $1.51 trillion over a decade, which would likely force cuts to federal health and safety-net programs that benefit middle-class families.

Number of the Day

85 - Percentage of students in alternative schools in Louisiana who are black; just 44 percent of the state’s student population is black.  (Source: Nola.com/The Times Picayune)

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