revenue estimating conference Archives - Louisiana Budget Project

May 18, 2023

LBP statement on Louisiana’s latest revenue forecast

The Revenue Estimating Conference’s latest forecast, issued on Thursday, confirms that Louisiana’s economy continues to grow at a strong and sustainable pace. The revenue resulting from that growth is more than enough to provide meaningful raises for classroom teachers, maintain programs for our youngest learners and address Louisiana’s long-neglected infrastructure needs. … Read more...

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)