revenue estimating conference

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...

April 16, 2018

The widening racial pay gap

The economic gap between white and black households in New Orleans has grown wider in recent decades, with African American families actually earning less, on average, than in 1979 after adjusting for inflation.

Number of the Day

$7 - Savings to American taxpayers, over time, for every $1 invested in reducing child poverty (Source: Mark Rank via New York Times)
April 13, 2018

The fiscal cliff gets smaller

The Revenue Estimating Conference  surprised no one by recognizing an additional $346 million in revenue for the 2019 fiscal year - which means the state’s “fiscal cliff” is now $648 million instead of nearly $1 billion.

Number of the Day

$648 million - The new figure for the fiscal cliff, since the Revenue Estimating Committee projects an additional $346 million available for next year’s budget. (Source: The Advocate)
April 12, 2018

House Farm Bill proposal could threaten SNAP

The Supplemental Nutrition Assistance Program is the most effective anti-hunger program in the United States, and serves more than 400,000 households in Louisiana.

Number of the Day

$346 million - Amount of money added to the state general fund forecast for Fiscal Year 2019 by the Revenue Estimating Conference (Source: REC)