Research: Louisiana's 2024-25 Responsible Budget

Originally published at Pelican Institute. 

​The report to achieve Louisiana’s 2024-2025 Responsible Budget presents solutions to rein in
the extraordinary growth of the budget in order to give the state a competitive advantage, much
like those used in other states, such as Texas and Florida, limiting the amount of funding
appropriated at the beginning of each fiscal year.
​
Over the past decade, state spending has increased an average of 5.9% per year. Using the
recommended Responsible Budget growth limit outlined in this report, state spending would
have increased by only 2.1% per year, which would allow the excess state revenue to be saved
for tax relief for Louisiana families.