PPT Slide
The current cost of bringing Louisiana teacher pay up to the Southern average is $286 million. If both the Louisiana and Southern averages increase as expected next year, the cost of reaching the average will be $291 million.
Revenue from the gasoline and special fuels tax will grow by 1.3% next year while the cost of road construction and maintenance grows 4.5%.
Louisiana’s self-insurance reserves will dip to about $24 million (Less $10.5 million dedicated for future medical payments) this year while its claims liability is over $1.2 billion.