Rainy Day Fund

September 17, 2018

We’re measuring the wrong things

By most conventional measures, America’s economy is booming. But for millions of Americans, it doesn’t feel like a boom.

Number of the Day

10,551 - Total number of state contracts as of July - a 25 percent drop since July 2016. (Source: Division of Administration via The Advocate)
August 13, 2018

Planning for the next recession?

Louisiana’s economy - like the nation’s - is doing quite well at the moment. Unemployment and inflation are low and growth is strong. The state budget is finally stable after a decade of turmoil. But at some point in the next few years, the economic tide will turn and Louisiana (and the country) will find itself in a recession.

Number of the Day

$318,927,883.71 - Balance of Louisiana’s Budget Stabilization Fund, down from $853,719,306 in 2008-09. (Source: House Fiscal Division; Legislative Fiscal Office).
December 14, 2017

Seeking consensus on the “cliff”

Gov. John Bel Edwards has spent months talking to legislators and business groups around the state, trying to develop collaborative solutions to the $1.5 billion budget shortfall the state faces in 2018.

Number of the Day

$10.6 million - Amount of property tax revenue lost by Orleans Parish in 2017 due to the state’s Industrial Tax Exemption Program, which local governments now have authority to limit. (Source: Nola.com/The Times Picayune reporting on a Together Louisiana analysis)
September 22, 2017

Cassidy’s disastrous bill (cont’d)

The Medicaid directors of all 50 states and the District of Columbia came together Thursday with a clear, unanimous message on Sen. Bill Cassidy’s health repeal legislation: it’s bad policy being pushed through an irresponsible process.

Number of the Day

44,772 - Number of Louisianans participating in Medicaid-funded home or community based services, which are put at risk under the Cassidy-Graham legislation. (Source: Center on Budget and Policy Priorities)