Brookings Institution

February 9, 2018

Decision day on special session

After months of behind-the-scenes conversations and public posturing, Gov. John Bel Edwards is expected to decide today whether to call the Legislature into a special session to deal with the state’s $1 billion fiscal cliff.

Number of the Day

$220 million - Annual revenue that would be generated by making one-fourth of the 1-penny sales tax permanent, which would plug less than 25 percent of the $1 billion fiscal cliff. (Source: Nola.com/The Times-Picayune)
February 6, 2018

Senators call for special session

While state House leaders continue to struggle for consensus on how to deal with the state’s fiscal cliff, a bipartisan group of state senators is urging Gov. John Bel Edwards to move forward with a post-Mardi Gras special session.

Number of the Day

68 percent - The percentage of black students at LSU in 2017 who reported experiencing discomfort on campus due to comments about their race. (Source: LSU Campus Climate Survey via The Advocate)
February 5, 2018

A new stall tactic

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 2, 2018

A fiscal reality check

A common refrain among state House leaders is that Gov. John Bel Edwards is not looking hard enough at spending when confronting the state’s fiscal problems. But that’s largely Washington D.C.-style rhetoric, says Stephanie Riegel with the Baton Rouge Business Report.

Number of the Day

62 - Percentage of Americans who believe government does not provide enough help to poor people, while 64 percent believe government provides too much help to wealthy people.  (Source: Pew Research Center)