Louisiana State Police

August 27, 2018

Credit rating improves with budget deal

Borrowing money for things like road projects and other infrastructure needs got a little easier and less expensive for the state last week after the Standard & Poor ratings agency upgraded Louisiana’s credit outlook from “negative” to “stable.”

Number of the Day

41 - Additional days a person would have to work in 2018 at the federal $7.25 per hour minimum wage to have the same earning power as a minimum wage worker in 2009. (Source: Forbes)
May 21, 2015

Thursday, May 21, 2015

House to take up budget bill; More taxes to fund State Police; Dedicated funds still untouchable and; King Alexander: Legislature holds fate of higher ed
June 23, 2014

Monday, June 23, 2014

Budget tricks part of an old pattern
Louisiana does not raise enough revenue to fund basic services and make investments for sustained economic growth. As a result, Louisiana legislators and governors have continuously relied on budget gimmicks to patch state operating budgets, Mark Ballard writes:

“It’s a pattern of not generating enough revenues to pay for the state’s modest portion—the federal government kicks in a lot of dollars—for roads, schools, law enforcement, taking care of the elderly, disaster management, health care for the poor, higher education, monitoring water quality, universities, prisons, attracting businesses and any number of other services demanded by the politicians voters elect.Read more...