Revenue Estimating Conference

February 28, 2019

A responsible approach to Louisiana’s budget

The $31.8 billion proposed budget Gov. John Bel Edwards released Feb. 22 comes amid a period of financial stability in state government after a decade marked by fiscal turmoil. Steady economic growth, combined with the Legislature’s decision to partially renew a sales tax that was due to expire last year, means the state can expect enough revenue in 2019-20 to fund key health care and education programs without any damaging cuts to services.Read more...

February 22, 2019

Revenue stalemate undermines reform

Gov. John Bel Edwards’ administration is scheduled to present its 2019-20 executive budget to the Legislature on Friday. It should be a triumphant moment for state policymakers. After a decade of chronic financial instability in state government, Louisiana’s budget is now stable and revenues are growing at a slow, if steady pace.Read more...

April 27, 2018

Health care budget is still far short

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 26, 2018

The health care budget still falls far short of what is needed

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A recent uptick in the state’s revenue forecast allowed the House of Representatives to restore $92 million in planned cuts to the Medicaid program. Unfortunately, that money is not nearly enough to make up for the devastating cuts to Louisiana’s health care safety net included in the latest version of the Fiscal Year 2019 budget.Read more...