Wilborn Nobles
September 25, 2018
The state’s $300 million budget surplus, spurred by higher-than-expected corporate and personal income tax collections and a small bump in oil and gas taxes, has prompted hand-wringing from some conservatives who now say that tax renewals that helped stabilize this year’s budget were unnecessary.
Number of the Day
5.9 - Percentage increase in personal income in Louisiana in the second fiscal quarter of 2018. (Source: Bureau of Economic Analysis, U.S. Department of Commerce)August 23, 2018
A decade of stagnant pay has left teacher salaries in Louisiana below the Southern and national average, and could be one reason why it’s hard to find middle-school teachers who understand basic math
Number of the Day
$2.74: Amount Louisiana’s hourly minimum wage would need to rise to bring a family of three, headed by a single parent working full-time for minimum wage, up to the federal poverty line. (Source: Federal Poverty Guidelines)April 27, 2018
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 20, 2018
Facing a $648 million “fiscal cliff” caused by expiring tax revenue, a divided Louisiana House approved an operating budget Thursday that includes deep cuts to health care services for low-income families and TOPS college scholarships.