louisiana at the crossroads responsible responses to louisiana s fiscal crisis
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Louisiana At The Crossroads Responsible Responses to Louisiana’s Fiscal Crisis . Louisiana Budget Project. 3-Year Base Line Projection. 3-Year Cumulative Shortfall. (in millions) FY10 FY11 FY12. Percent of Total Budget. $2.4 billion ÷ $29 billion = 8\%.

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louisiana at the crossroads responsible responses to louisiana s fiscal crisis

Louisiana At The Crossroads Responsible Responses to Louisiana’s Fiscal Crisis

Louisiana Budget Project

3 year cumulative shortfall
3-Year Cumulative Shortfall

(in millions) FY10 FY11 FY12

percent of total budget
Percent of Total Budget

$2.4 billion ÷ $29 billion = 8%

3-year Cumulative Shortfall Total FY10 Budget

Percent of total FY10 budget to be cut over 3 years

percent of state general fund spending
Percent of State General Fund Spending

$2.4 billion ÷ $9 billion = 27%

3-year Cumulative Shortfall FY10 State General Fund

Percent of FY10 state general fund to be cut over 3 years

percent of discretionary spending
Percent of Discretionary Spending

$2.4 billion ÷ $4 billion = 60%

3-year Cumulative Shortfall FY10 Discretionary Funds

Percent of FY10 discretionary fund to be cut over 3 years

percent of recurring discretionary spending
Percent of Recurring Discretionary Spending

$2.4 billion ÷ $3.3 billion = 73%

3-year Cumulative Shortfall

FY10 Discretionary Funds (minus one-time funds for

Capital Outlay)

Percent of FY10 recurring discretionary fund to be cut over 3 years

louisiana statistics
Louisiana Statistics
  • Health
    • 47th among all states in terms of health outcomes
  • Wealth
    • 48th among all states for median household income
    • 18% of citizens live below the federal poverty level
  • Education
    • 20% of population over 25 lacks high school diploma
    • 80 % of population over 25 lacks bachelor’s degree
fiscal impact
Fiscal Impact
  • FY11
    • Second half of the year FMAP = 63.2%
    • Cost = $400 Million
  • FY12
    • Entire year FMAP = 63.2%
    • Cost = $900 Million
  • Total Cost Over 2 Years = $1.3 Billion
effects of budget cuts
Effects of Budget Cuts
  • Less access to healthcare
    • Fewer hospitals
    • More pressure on emergency room facilities
  • Less rich college curriculum
  • Elimination of state homes for developmentally disabled
  • Less funding for adult literacy programs
  • Bad roads getting worse
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Thank you!

Questions?

www.labudget.org

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