Lailah Williams
Research Intern

Overhauling Louisiana’s Tax Structure

• Budget & Taxes
• Legislature
• Louisiana Constitution

Louisiana lawmakers embraced much of the tax rewrite package sought by Gov. Jeff Landry in the just-ended special session, agreeing to lower and flatten income tax rates in exchange for new sales tax charges.

Louisiana’s State Surpluses

• Budget & Taxes
• Legislature
• Louisiana Constitution

Louisiana has enjoyed repeated state surpluses for the last seven years, and the latest calculations estimate lawmakers will see that trend continue another year. A surplus occurs when a state’s revenue collections exceed its spending within a budget year.

Savings Account Shuffle

• Budget & Taxes
• Legislature
• Louisiana Constitution

The governor’s ambitious tax reform package includes a merger of two Louisiana trust funds that help promote financial stability for the state, a change that lawmakers should weigh carefully. The proposal that lawmakers will consider in the upcoming special session on taxes involves the Budget Stabilization Fund (commonly known as the state’s “rainy day” fund) […]