Tax deductions

December 8, 2017

Tax reform is long overdue

A Medicaid trust fund for the elderly. The Coastal Protection and Restoration Authority. The health plan for state workers. Pension fund payments for probation and parole officers. Those are just a few of the funds that state legislators raided in recent years so the money could be spent on ongoing government operations.

Number of the Day

$2.4 billion - Decrease in net state assets from 2013 to 2017, thanks in large part to the Legislature tapping dedicated funds to pay ongoing expenses in government. (Source: Louisiana Legislative Auditor)
June 20, 2016

Revenue options dwindle as adjournment nears

Louisiana is one of only four states that allow taxpayers to deduct their state income-tax payments on their state tax returns.