Overview of Louisiana

State Funds Budget Data

• Estimated 2023 State Funds Budget ($ Billions): $22.18
• Budget Limit ($ Billions): $23.06
• Budget Limit Growth ($ Billions): 3.97%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: ($35.03)
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: ($140)
• Cumulative cost per person of budgeting more than pop+inf over the last decade: ($3,745.75)
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: ($14,982.99)

State All Funds Budget Data

• Estimated 2023 All Funds Budget ($ Billions): $45.45
• Budget Limit ($ Billions): $47.25
• Budget Limit Growth ($ Billions): 3.97%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $2,206.41
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $8,825.65
• Cumulative cost per person of budgeting more than pop+inf over the last decade: $1,142.51
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $4,570.06

Other Considerations

• Economic Freedom (2020) (Rank): 20 [Fraser Institute]
• State Tax Collections Per Capita (FY2021) ($): $2,651 [Tax Foundation]
• State Tax Collections Per Capita (FY2021) (Rank): 42 [Tax Foundation]
• State-Local Total Tax Burden per Capita (2022) ($): $4,762 [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (%): 9.10% [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (Rank): 12 [Tax Foundation]
• Top Income Tax Rate (2023) (%): 4.25% [Tax Foundation]
• Top Income Tax Rate (2023) (Rank): 15 [Tax Foundation]
• Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
• Overall State Business Tax Climate Index (2023)(Rank): 39 [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (%): 7.50% [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (Rank): 15 [Tax Foundation]
• State-Local Sales Tax Rate (2023) (%): 9.55% [Tax Foundation]
• State-Local Sales Tax Rate (2023) (Rank): 1 [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.56% [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 46 [Tax Foundation]
• Tax and Expenditure Limit (0-3): 2 [American Legislative Exchange Council]
• Tax and Expenditure Limit (Rank): 3 [American Legislative Exchange Council]
• Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
• State-Local Spending per Capita (2022) ($): $12,451 [US Government Spending]
• State-Local Spending per Capita (2022) (Rank): 25 [US Government Spending]
• Official Poverty Rate (2020-22) (%): 16.9 [Census Bureau]
• Official Poverty Rate (2020-22) (Rank): 48 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (%): 10.9 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (Rank): 45 [Census Bureau]
• Labor Force Participation Rate (Dec. 2022) (%): 58.60% [Bureau of Labor Statistics]
• Labor Force Participation Rate (Dec. 2022) (Rank): 42 [Bureau of Labor Statistics]