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LA HB283
Bill
Status
4/29/2025
Primary Sponsor
Phillip Tarver
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AI Summary
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Establishes a "Government Growth Limit" calculated annually by the Revenue Estimating Conference, restricting how much recurring State General Fund (Direct) revenue can be appropriated for recurring expenses each fiscal year
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Growth factor formula combines Louisiana's 5-year average population change plus the average of two inflation measures (chained consumer price index and chained consumer medical care price index) over 5 years
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Recurring revenues above the growth limit but below the existing expenditure limit may only be appropriated for nonrecurring (one-time) expenses
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Exempts from the limit: Budget Stabilization Fund withdrawals, funds replacing lost federal or other funding sources, and items already excluded from expenditure limit calculations
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Takes effect only if voters approve the companion constitutional amendment in House Bill No. 295 at a statewide election
Legislative Description
Limits the amount of recurring State General Fund (Direct) revenues that may be appropriated in a fiscal year for recurring expenses and restricts use of such revenues above that limit (RE SEE FISC NOTE GF EX)
APPROPRIATIONS
Last Action
Read second time by title and referred to the Committee on Finance.
4/30/2025