Louisiana’s Fiscal Cliff Resolved
Louisiana’s governor and lawmakers will get to sidestep debates over whether to make steep budget cuts next year thanks to the tax changes they adopted last month.
Resource Category: Budget & Taxes
Overhauling Louisiana’s Tax Structure
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
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
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) […]
Elderly Care Services Report
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 Louisiana Tax Study Highlights
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.
RESET State Tax Reform, 2024 Greg Albrecht
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 […]