HB 1
June 4, 2018
The Legislature has until midnight to wrap up its work in the special session, which means passing a budget bill along with the revenue measures that support that spending.
Number of the Day
$21 million - Annual cost of modestly expanding Louisiana’s Earned Income Tax Credit from 3.5 percent to 5 percent of the federal credit, which would benefit nearly 1 in 3 state income tax filers. (Source: Legislative Fiscal Office)April 27, 2018
When the Revenue Estimating Conference revised the state’s revenue forecast earlier this month to realize $346 million in tax receipts, the House Appropriations Committee designated $60 million to Medicaid.
Number of the Day
$82 million - Amount of revenue Louisiana would receive under the newly expanded Gulf of Mexico Energy Security Act (Source: The Daily Advertiser)April 23, 2018
Members of the Senate Finance Committee met Sunday to review the Draconian budget bill approved last week by the House. Some, like Chairman Eric Lafleur of Ville Platte, were horrified by the cuts to health care and graduate medical education.
Number of the Day
66,099 - Number of employees on the state payroll as of December 2017, down from 100,473 in Fiscal Year 2008. Nationwide, the state and local public sector workforce is the smallest it’s been since 1967 as a share of the civilian American civilian workforce. (Source: Division of Administration and The New York Times)April 20, 2018
Facing a $648 million “fiscal cliff” caused by expiring tax revenue, a divided Louisiana House approved an operating budget Thursday that includes deep cuts to health care services for low-income families and TOPS college scholarships.