Brookings Institute
February 5, 2018
State legislators have had nearly two years to prepare for the $1 billion-plus “fiscal cliff” that Louisiana faces on July 1, when a host of temporary taxes expire.
Number of the Day
$145.7 million - Amount of money Louisiana consumers pay annually in fees on short-term “payday” loans with interest rates of at least 300 percent APR. (Source: Center for Responsible Lending)February 1, 2018
There was heated back-and-forth last week in the Joint Legislative Committee on the Budget over a claim by Gov. John Bel Edwards he’s cut more than $600 million from the state budget since taking office.
Number of the Day
$20 million - The projected annual savings to the state from raising the age of juvenile jurisdiction to 17. (Source: LSU via Nola.com)November 2, 2017
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.