LAC

September 18, 2017

The politics of the fiscal cliff

Louisiana faces a $1.5 billion gap between revenues and expenses in the state fiscal year that starts July 1, mainly due to temporary taxes that are expiring. While some officials are optimistic that a deal can come together on taxes by early next year, others say the philosophical gulf separating Gov. John Bel Edwards from hard-line conservatives in the House is far from bridged.

Number of the Day

$7.3 billion - Amount of federal Medicaid funding Louisiana would lose in 2027 under a health care repeal bill sponsored by Sen. Bill Cassidy (Source: Center on Budget and Policy Priorities)