Excess Itemized Deductions

January 10, 2018

Fiscal reform cannot wait

Although the state’s revenue picture is expected to brighten by up to $300 million once federal tax changes take effect, the extra revenue won’t be nearly enough to plug the $1.5 billion shortfall in next year’s state budget that is mostly due to temporary taxes expiring on July 1.

Number of the Day

323,000 - Square feet of office space that Louisiana is renting from New Orleans Saints owner Tom Benson at above-market rates, costing the state nearly $2 million a year. (Source: Gannett Louisiana)
June 16, 2016

Another critical day for the budget

The effort to raise enough money to avoid cuts to state services faces another critical test today on the House floor.
June 15, 2016

Day of reckoning on revenue

This afternoon’s hearing of the House Ways & Means Committee will go a long way to determining whether Gov. John Bel Edwards will even come close to his goal of raising at least $450 million for next year’s operating budget.