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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 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.
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) […]
The number of people who are elderly is growing at a faster pace than the rest of the population across the country and in Louisiana. The U.S. Census Bureau projects that people age 65 and older will outnumber children by 2034, a first in the nation’s history.
RESET hired well-known economist and fiscal expert Greg Albrecht to conduct an independent analysis of the tax reform plan recently proposed by Gov. Jeff Landry’s administration for debate during an upcoming special session of the Legislature.
The administration has announced that it intends to call the legislature into a special session in early November 2024 to consider a multi-faceted package of changes to the state tax system. In preparation for that session, RESET Louisiana, a collaboration of the Council for A Better Louisiana, the Public Affairs Research Council of Louisiana, and […]
In response to Gov. Jeff Landry’s plan to call lawmakers into a special session to debate tax reform, RESET Louisiana has hired well-known economist and fiscal expert Greg Albrecht to conduct an independent analysis of the proposals and determine how they would impact taxpayers.
The Public Affairs Research Council of Louisiana believes comprehensive, responsible tax reform is long overdue. The state’s tax system is cluttered with too many exemptions, deductions and credits. It contains outdated, uncompetitive taxes that are out of step with the rest of the country.
Nearly one in five people in Louisiana, about 867,000 low-income residents on average each month, received financial food aid across the last year through the Supplemental Nutrition Assistance Program, or SNAP, according to the latest data available from the Louisiana Department of Children and Family Services.
A year after lawmakers passed the state budget in a frenzied final few minutes before theirdeadline, the Louisiana Legislature adopted a $49 billion compromise package of spending plansthis year with time to spare and no last-minute chaos in their three-month regular session.
A boost to Louisiana’s state income projections will give lawmakers more money to spend over the next 14 months, even as the post-pandemic financial surge continues to taper off and a fiscal downturn edges ever closer.
The state budget crafted by the Louisiana House steers new money to public school programs at the expense of early childhood education, while maintaining the governor’s push to grow spending on state prisons and police.
Education savings accounts are the newest, most expansive evolution of school choice programs in the United States, already adopted by several states and under consideration in many others, including Louisiana. The programs promise to revolutionize how K-12 education is structured, steering public tax dollars to private educational options for students.