rainy day funds

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).