budget shortfall Archives - Louisiana Budget Project

May 23, 2018

Louisiana’s Fiscal Cliff: The Basics

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The Legislature will reconvene May 22 through June 4 for a special session focused on raising or retaining enough revenue to craft the 2018-19 state budget without damaging cuts to higher education, health care and public safety services.… Read more...

December 14, 2017

Seeking consensus on the “cliff”

Gov. John Bel Edwards has spent months talking to legislators and business groups around the state, trying to develop collaborative solutions to the $1.5 billion budget shortfall the state faces in 2018.

Number of the Day

$10.6 million - Amount of property tax revenue lost by Orleans Parish in 2017 due to the state’s Industrial Tax Exemption Program, which local governments now have authority to limit. (Source: Nola.com/The Times Picayune reporting on a Together Louisiana analysis)

November 27, 2017

Louisiana would lose under Senate tax bill

The U.S. Senate could vote as early as Thursday on legislation that would add $1.4 trillion to deficits over a decade and raise taxes on many middle-class families while sharply cutting taxes for the wealthiest families and corporations

Number of the Day

57 - Percentage of Louisiana nursing homes that had repeated problems with the cost reports they submit to the state. (Source: Louisiana Legislative Auditor)

November 8, 2017

Cliff notes: The 2018 shortfall

The gap between projected revenue for the 2019 fiscal year and projected expenditures is more than $1.5 billion. Much of the impending massive shortfall – sometimes referred to as the fiscal cliff – is due to the expiration of $1.38 billion of temporary revenue.… Read more...