State Budget & Tax

February 28, 2019

A responsible approach to Louisiana’s budget

The $31.8 billion proposed budget Gov. John Bel Edwards released Feb. 22 comes amid a period of financial stability in state government after a decade marked by fiscal turmoil. Steady economic growth, combined with the Legislature’s decision to partially renew a sales tax that was due to expire last year, means the state can expect enough revenue in 2019-20 to fund key health care and education programs without any damaging cuts to services.Read more...

February 22, 2019

Revenue stalemate undermines reform

Gov. John Bel Edwards’ administration is scheduled to present its 2019-20 executive budget to the Legislature on Friday. It should be a triumphant moment for state policymakers. After a decade of chronic financial instability in state government, Louisiana’s budget is now stable and revenues are growing at a slow, if steady pace.Read more...

November 9, 2018

Louisiana’s regressive tax code is contributing to racial income inequality

Louisiana’s history of institutionalized racism has created barriers to economic prosperity for many people of color in the state. Black households in Louisiana are poorer, on average, than white households. And because of that, they also pay a higher percentage of their income in state and local taxes than white households.Read more...

November 6, 2018

LBP’s Guide to the 2018 Constitutional Amendments

Click here for a printable PDF version.

Louisiana voters will find six proposed changes to the state constitution on their Nov. 6 statewide ballot. A seventh ballot question is not a constitutional amendment, but asks voters whether fantasy sports contests should be legal in their parish.Read more...