Revenue Estimating Conference

Wallis Watkins

Lawmakers in Louisiana got good news Thursday. The state’s fiscal cliff isn’t quite as bad as previously expected.

'Good News': No Mid-Year Cuts

Dec 15, 2017
legis.la.gov

Gov. John Bel Edwards was pleased with the results of Thursday’s Revenue Estimating Conference meeting, telling the panel, "For the first time in many years, you've actually upgraded our forecast for current year and for next year. Let’s just hope we’re accurate on that."

Leftover Money

Sep 22, 2017
Sue Lincoln

There’s good state financial news, for a change.

“Revenue is finally exceeding – slightly – the forecast.”

After Governor John Bel Edwards made that statement on his monthly radio show Wednesday, it was confirmed during Thursday’s Revenue Estimating Conference meeting.


2017 'Blame Game" Aims at the REC

Apr 24, 2017
Sue Lincoln

In the 2016 sessions, House members were ready to blame the state's budget problems on inaccurate fiscal notes from the Legislative Fiscal Office. Now it;s time for the 2017 version of the “Legislative Blame Game”.

“REC is always wrong,” Appropriations chairman Cameron Henry has said.


Sue Lincoln

The House Appropriations Committee met at the Capitol Tuesday to begin discussing the Governor's proposal for next fiscal year's budget.

“Because of the limitations on dollars available from the Revenue Estimating Conference," explained Commissioner of Administration Jay Dardenne, "we’re not able to show you a budget that does everything the Governor feels it ought to do.” 


Budget Guillotine Poised to Drop

Jan 13, 2017
wikimedia commons

When the Revenue Estimating Conference meets this morning, “They will peg a number that we are short in the current midyear,” says Governor John Bel Edwards. “I’ve been told to expect up to a $300-million shortfall.”


Louisiana House of Representatives Broadcast Archives

The Revenue Estimating Conference met Tuesday to determine just how many millions short the state’s budget will be for the current fiscal year.

“Somewhere between 257 [million] and 464 [million] is a real adjustment that will need to be made,” explained Speaker of the House Taylor Barras (R-New Iberia).  

That's in addition to the $313 million shortfall in last year's budget, both of which must be accounted for by June 30th, the end of this fiscal year.


Sue Lincoln

The Joint Legislative Committee on the Budget meets Friday to acknowledge the state collected $315 million less in revenue than needed for fiscal year 2016. 


“What We Need Is Job Growth”

Nov 11, 2016
Sue Lincoln

The state’s Revenue Estimating Conference met Thursday, to officially acknowledge the shortfall for the fiscal year that ended July 1st.

“The bottom line: $315.5 million less in General Fund direct revenue collected, relative to expectation or forecast for FY 16,” Legislative fiscal analyst Greg Albrecht announced.

S. Lincoln

We often talk about the Revenue Estimating Conference, but did you know that since 1990 the state is supposed to have other estimating conferences for education, criminal justice, health and social services, and for transportation?

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