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LA HB295
Bill
Status
5/19/2025
Primary Sponsor
Phillip Tarver
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AI Summary
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Establishes a "Government Growth Limit" beginning in Fiscal Year 2027-2028 that caps how much recurring State General Fund (Direct) revenue the legislature can appropriate each year
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Sets the initial limit at FY 2026-2027 recurring appropriations plus 3%, with the Revenue Estimating Conference required to calculate future limits by the first quarter of each calendar year
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Requires any recurring revenue above the Government Growth Limit (but below the existing expenditure limit) to be spent only on nonrecurring expenses—defined as one-time costs not expected annually
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Allows the legislature to change the limit with a two-thirds vote of both houses, but only if growth factors in any of the three preceding fiscal years were 2.5% or less
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Submits the proposed constitutional amendment to Louisiana voters at the November 3, 2026 statewide election
Legislative Description
(Constitutional Amendment) Limits the amount of 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 (EG SEE FISC NOTE GF EX)
APPROPRIATIONS
Last Action
Read second time by title and referred to the Committee on Finance.
5/20/2025