business tax breaks

March 19, 2018

Doctors are leaving Louisiana

Louisiana’s chronic refusal to address its structural budget deficit is a likely reason medical school graduates are leaving the state at higher rates than just a few years ago. As the AP’s Melinda Deslatte reports, last week was when newly minted doctors found out where they will “match” with post-graduate residency programs.

Number of the Day

$53.3 million - Annual payments Louisiana will receive from BP over the next 15 years for economic damages associated with the 2010 Gulf of Mexico oil spill. Legislation filed for the current session would allow the money to be spent on general operations instead of squirreled away in special funds (Source: Associated Press)
December 18, 2017

Perverse incentive

The Industrial Tax Exemption Program doles out about $1 billion each year in property tax breaks to corporations.

Number of the Day

$13.7 billion - Lost tax revenue from the Industrial Tax Exemption Program from 2006 - 2016 (Source: Louisiana Tax Commission via The Advocate)