state budget

3:01 am
Thu February 5, 2015

Finding a Path Off the Fiscal Cliff

Originally published on Thu February 5, 2015 10:09 am

Finding the way down off the fiscal cliff could be as simple as turning around, and looking back at the path that brought us here.

“The root of our current budget problems goes back to the decision in 2008, under Gov. Jindal, to repeal the Stelly tax changes that voters passed in 2002,” says Louisiana Budget Project director Jan Moller. “That has taken about six to seven hundred million dollars our of our tax base every year.”

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3:01 am
Tue February 3, 2015

Fiscal Cliff: The Oil Factors

Originally published on Tue February 3, 2015 5:45 am

“Prices at the pump don’t seem to have a bottom yet.” Legislative Fiscal Analyst Greg Albrecht says while that’s good for consumers, it’s very bad for the state budget.

Louisiana’s budget gap for the fiscal year that starts July 1, 2015 has widened by $400-million due to declining oil royalties and severance taxes — directly attributable to the fall in oil prices.

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3:01 am
Mon February 2, 2015

Falling Off the Fiscal Cliff

Originally published on Mon February 2, 2015 8:17 am


“We need to appreciate what we’re saying when we say those words,” LSU economist Jim Richardson admonishes, as Louisiana is standing on the edge of a fiscal cliff.

“We simply do not have enough,” Richardson states.

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7:03 am
Fri November 28, 2014

Governor Searches the Couch Cushions to Pay State's Bills

Originally published on Thu December 4, 2014 4:23 pm

It has not been a terrific few weeks for state finances.

Oil revenues dropped. And then a $180 million hole appeared in the state budget.

Melinda Deslatte, AP reporter on the state budget beat, explains how Gov. Bobby Jindal plans to close the gap.

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Red River Radio
8:48 am
Thu November 13, 2014

Public policy expert calls Louisiana's budget woes 'a perfect storm'

Barry Erwin, president of the Council for a Better Louisiana, will give a speech titled "Revenue and You" Thursday in Bossier City. Erwin calls it a "budget 101" type of talk.

A panel that oversees Louisiana’s income projections will meet Friday to look over revised revenue estimates for the current year.

Some members of the Revenue Estimating Conference expect to see a lower revenue projection than the one used to craft the state budget last spring.

Barry Erwin, president of the Council for a Better Louisiana, will speak about the state budget today in Bossier City. His nonprofit specializes in statewide public policy issues. Erwin says Louisiana is experiencing flat growth, which doesn’t square with all of the economic development activity.

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3:00 am
Tue May 20, 2014

The 54-Million-Dollar Question: FY 2015

Louisiana Revenue Secretary Tim Barfield urges Revenue Estimating Conference to keep questioned income in forecast.

Originally published on Tue May 20, 2014 1:08 pm

The Revenue Estimating Conference, the state’s official income predictors, met Monday afternoon to adopt new revenue projections for the upcoming fiscal year, which starts July 1.

LSU economist Dr. Jim Richardson had immediate concerns about the Jindal administration’s numbers, which included $54-million extra in anticipated tax collections.

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Latest News
3:34 pm
Mon May 12, 2014

Jindal To Use $74M In Savings Ideas Next Year

Gov. Bobby Jindal's administration outlined plans to shrink spending across state government by $74 million dollars in the upcoming budget year.
Gage Skidmore Flickr

Gov. Bobby Jindal's administration outlined plans to shrink spending across state government by $74 million dollars in the upcoming budget year that begins July 1.

Ideas include: Thinner asphalt for some paving projects, fewer toll-free numbers across state agencies, allowing pregnant women on Medicaid to use midwives instead of traditional, more expensive delivery rooms, and expanded rehabilitation programs for inmates.

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3:02 am
Fri May 9, 2014

House Reallocates Education Dollars

Originally published on Sun May 11, 2014 1:00 pm

If there was a theme to “Budget Day” in the Louisiana House, it could be summed up by Thursday’s oft-heard refrain, “If we don’t do it, the Senate’s going to do it.”

There wasn’t a lot House members could do to alter the allocations, until they got to the Department of Education section. Because House Appropriations had forwarded the budget bill, HB 1, to the full House before the Senate Education Committee rejected the MFP, House members now had $70-million to play with.

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3:02 am
Thu May 8, 2014

House Spending Full Day on Budget

It’s budget day for the full House, and lawmakers are not looking forward to grappling with the $26-billion spending plan for the fiscal year that starts July first.

“I don’t see any scenario where I can vote for the budget,” Representative Ted James (D-Baton Rouge) says of the plan.

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3:02 am
Mon April 14, 2014

Public Invited for State Budget Input

  As the sixth week of the twelve week session begins, the budget takes center stage on Monday and Tuesday.

“Our public comment days are April the 14th and April the 15th,” explains House Appropriations chairman Jim Fannin. And he says they will work into the evening both days, to ensure everyone can be heard.

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