As the state faces down a looming budget gap, there will be a number of proposals on the table. But, what is the real situation, and what should our state leaders do about it? Get all the facts in the Pelican Institute’s Citizen’s Guide to the Fiscal Cliff.
It is widely expected that tax reform will be the Jindal administration’s primary goal in the 2013 Louisiana legislative session. In a recent Advocate report, Tim Barfield from the Department of Revenue addressed the need for reform, pointing out that it is the “sticker price” and not the actual tax burden that is hampering “Louisiana’s efforts to attract businesses.”
The complex nature of the retirement system tends to obscure the importance of pension reform. This has contributed to an unfortunate lack of urgency over the years. But while the details can appear daunting, the crux of the matter is simple: Louisiana has promised its retirees more than it can deliver.
If you peel back the layers of Louisiana’s tax structure, you’re likely to find confusion, outrage and, more importantly, room for improvement. (Plus, you may discover the reasons why we’re suffering another midyear budget shortfall.)
We believe that voters should support this amendment and vote Yes on Saturday. While there is no doubt that policymakers have been challenged by recent budget shortfalls, most taxpayers face challenges of their own. These taxpayers must live within their means and we believe that policymakers should do the same.
A grant meant to spread broadband internet to rural Louisiana has been rescinded on the grounds that it would crowd out private businesses.
Despite having the second lowest statewide sales tax rate in the U.S., a new study shows that Louisiana’s combined state and local sales taxes are third highest in the nation, at 8.84 percent.
The debate over whether to build a high-speed rail line spanning 80 miles between Baton Rouge and New Orleans is heating up.
The Budget Control Act of 2011 puts Louisiana’s oil and gas industry in a vulnerable position.
Louisiana’s friendly tax climate and steady economic growth have allowed the state to navigate through fragile economic times, but unfunded pension liabilities and a former budget shortfall pose problems for Louisiana’s future.