spending controls

February 26, 2018

Back from the brink

The Legislature’s special session nears its midpoint with a critical package of tax and budget bills having cleared their most difficult hurdle. Meeting for a rare Sunday afternoon session, the House Ways & Means Committee approved two major tax bills - one on sales taxes and one on income tax - while the Health & Welfare Committee advanced Medicaid bills sought by conservatives.

Number of the Day

$432 million - Total projected revenue raised by the tax bills approved by the House Ways & Means Committee on Sunday. That still leave the Legislature $260 million short of what’s needed to address the July 1 fiscal cliff. (Source: Nola.com/The Times-Picayune)
February 23, 2018

Spending cap changes would wreak havoc on budget

One of the few bills that advanced out of committee this week is a dangerous proposal from House Speaker Taylor Barras to change the formula that governs the state spending cap.

Number of the Day

$40 million - amount of additional state funding requested by two education advisory groups this week, the equivalent of 1 percent of the state’s current allocation to public schools. (Source: The Advocate)
February 21, 2018

The Ways to be Mean Committee

The House Ways and Means Committee spent several hours Tuesday hearing testimony on various tax bills, yet no clear path emerged on how lawmakers will replace some of the $1.4 billion in revenues that expire on June 30.

Number of the Day

6 percent  - Maximum growth for expenditure limit proposed in House Bill 12 (Source: House Legislative Services)