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The Governor and Legislature Raised Taxes and Reduced Credits and Exemptions to Fill the State Budget. (PDF Version) Now that the governor has signed bills for state appropriations and tax increases and has vetoed a few key bills, the final picture of the 2015 legislative session can be seen in focus. The Legislature and the […]
As the Legislature attempts to piece together something resembling a balanced state budget, the puzzle that is taking shape is likely to create new problems for state government and require further adjustments during the next year.
Among Louisiana’s tax credit and incentive programs, none have received more fanfare and attention than the Motion Picture Investor Tax Credit. The current version of the program, enacted in 2009, has contributed to explosive growth for filmmaking in Louisiana.
Louisiana’s Legislature is performing a high-wire act without a net as it attempts to balance the government budget. Anticipated state expenses for the next fiscal year are towering above a nearly flat state revenue forecast. As the financially vulnerable higher-education leaders figure, it’s a long way down.
Louisiana is facing its toughest state budget challenge since the 1980s oil industry depression. Required by law to construct a balanced budget, the Legislature is seeking ways to close a $1.6 billion gap between expected general fund revenue and the initial estimate for spending in the 2016 fiscal year.
Sweeping dedicated coastal dollars into the general operating budget would break a strong precedent and raise costly questions about Louisiana’s coastal spending stewardship (PDF Version) The administration would be making a mistake to take money from the state’s Coastal Protection and Restoration Fund to spend on state operating expenses. In fact this is the exact kind […]
The state Office of Group Benefits could use a dose of financial stability, accountability and transparency. The recent controversies over the office reveal the need for a long-term fix.