DXC Technology -- and the many other successes that led Louisiana to being ranked No. 5 best for business conditions in the USA in 2017 -- demonstrates that working together, we can celebrate our strengths, address our problems, and achieve greatness.
Fannin chaired the House Budget Committee under Gov. Bobby Jindal and said he suggested the spending limit to the Governor’s Office then, but it sparked little interest. He said he mentioned it to Edwards during this year’s special session and got a favorable response.
The governor wants to protect higher education, which has been decimated by 16 budget reductions over the last nine years, K-12 public education, corrections, hospitals that serve poor and low-income citizens and waivers for the disabled.
Today, we are gathered here with a critical mission and a common purpose – to stabilize the state budget in a responsible way while still adequately funding the programs and services the people of Louisiana consider to be priorities.
Two independent budget analysts say that the figures released by state Rep. Lance Harris, R-Alexandria, overstate the growth in state spending. In fact, under an alternative measure endorsed by both LSU economics professor Jim Richardson and Steve Winham, who spent a dozen years as the state’s budget director under Republican and Democratic governors, the increase in state spending over the past 14 years has actually trailed the expansion of the state’s economy over that period of time.
An economist who works on revenue projections for the state believes Louisiana could end the budget cycle on June 30 as much as a $200 million deficit in part because of poor corporate tax collections, according to the governor's office.