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Non-profit that studies rainy-day fund policies sends recommendations to La. amid tax reform session [Video]

NEW ORLEANS (WVUE) – As Louisiana lawmakers review Gov. Jeff Landry’s proposed tax reform package, the non-profit Pew Charitable Trusts has provided recommendations for consideration.

Pew suggests that Louisiana needs strong rainy-day policies to address the state’s historical revenue volatility.

Josh Goodman, senior officer of Pew’s State Fiscal Policy Project, expressed interest in Landry’s plan to consolidate the Budget Stabilization Fund (BSF), also known as the “rainy-day fund,” with the Revenue Stabilization Trust Fund.

He told FOX 8, “Part of what we really emphasize is the state needs to be looking out multiple years into the future as it designs this tax reform, and just in general, to see, you know, what do we expect our revenue to be? What do we expect spending to be?”

Louisiana faces a projected $700 million budget shortfall next year. Landry’s reform package proposes cutting state income taxes and imposing sales taxes on a …

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