PPT Slide

Tax Plan Observations

• Eliminates the need to renew taxes every two years.

• • The current practice of renewing over $600 million in taxes every two years creates unnecessary turmoil in the budget process and makes for a very confusing and complicated budget and appropriations bill.
  • The uncertainty of this revenue source is of some concern to Wall Street because of Louisiana’s significant debt. It is unlikely that the enactment of the governor’s plan will lead to an immediate upgrade in the state’s bond rating because of the many other budget uncertainties that the state still faces, but the elimination of this item will bring the state a little closer to an improved rating.

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