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.

The EITC is money well spent

Posted on June 12, 2018
The Legislature’s decision to expand the state’s Earned Income Tax Credit in Louisiana will help lower-income, working households receive a larger tax refund at the end of the year.

Number of the Day

$2,138 - Total cost of “summer learning programs” for the average Louisiana family - which amounts to 15 percent of median summer income. (Source: Center for American Progress)

The Legislature now has one job

Posted on June 11, 2018
When the Legislature reconvenes in Baton Rouge next Monday to address what remains of the fiscal cliff, it will look far different than the special sessions that came before.

Number of the Day

$506.4 million - Amount of funding needed to fill the remaining gaps in the 2018-19 state operating budget. Most of the gaps are in higher education, public safety and social services. (Source: Legislative Fiscal Office)

Looking back and looking ahead

Posted on June 8, 2018
Gov. John Bel Edwards is expected to issue his call for the third special session of 2018 today - or Monday at the latest.

Number of the Day

90,200   - Number of low-income Louisiana children who would be affected by HUD rent increases under Trump Administration’s housing proposal (Source: Center on Budget and Policy Priorities)

A win for the working poor

Posted on June 7, 2018
While the second special session was largely a bust, a majority of legislators did agree on one issue: the state should not balance the budget on the backs of Louisiana's working poor families.

Number of the Day

35.1 - Percentage of children in rural Louisiana that are living in poverty, compared to 27.3 percent of children in urban areas of the state. (Source: Save the Children)

Reflections on a meltdown

Posted on June 6, 2018
The Legislature’s failure to agree on a revenue package that supports the budget bill they passed brought swift condemnation from editorial writers and opinion columnists throughout the state.

Number of the Day

$.17 - The difference in sales tax on a $100 purchase between the House GOP plan (4.33 percent) and the one backed by broad majorities in the House and Senate (4.5 percent). (Source: Simple arithmetic)

The good, the bad and the ugly

Posted on June 5, 2018
The second special session of 2018 went down to the final seconds, as most predicted it would. When it was all over at the stroke of midnight, there were bright spots and disasters and the all-but-certain specter of a third special session later this month.

Number of the Day

$60,000 - Estimated cost per day of special legislative sessions (Source: The Advocate)

It’s Sine Do or Die

Posted on June 4, 2018
The Legislature has until midnight to wrap up its work in the special session, which means passing a budget bill along with the revenue measures that support that spending.

Number of the Day

$21 million - Annual cost of modestly expanding Louisiana’s Earned Income Tax Credit from 3.5 percent to 5 percent of the federal credit, which would benefit nearly 1 in 3 state income tax filers. (Source: Legislative Fiscal Office)

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