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Louisiana Yearly Expenses by Quarter
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Multi-State
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US-174-AZ
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FAQ
The largest sources of state revenues are individual income taxes and state sales and use taxes, followed by severance taxes. The state general sales and use tax rate is 3.97% and is applicable to: (1) The sale of tangible personal property at retail in this state.
While New York leads the country in terms of per capita government debt, at $18,411 per person, California, the most populous state, has the largest amount of total debt, at $507 billion.
Manufacturing. Chemical, petroleum, and coal products are Louisiana's leading manufactures, and manufacturing accounts for roughly one-sixth of the gross domestic product. The chemical industry provides about one-third of all of the industrial activity in the state.
Louisiana allocated in 2018 93.4% of its health budget to public welfare, the seventh highest share, or $2,448 per capita. States across the country allocate an average of 66.0% of their total health spending, or $1,778 per person, to public welfare programs.
Louisiana's current budget Louisiana enacted its FY 2022 budget in June 2021. The enacted budget included $38 billion in total spending. Under the American Rescue Plan, Louisiana will receive $3 billion in direct state fiscal aid and $1.5 billion in local government aid from the federal government.
Louisiana's current budget Louisiana enacted its FY 2022 budget in June 2021. The enacted budget included $38 billion in total spending. Under the American Rescue Plan, Louisiana will receive $3 billion in direct state fiscal aid and $1.5 billion in local government aid from the federal government.
The 2022-23 Governor's Budget proposes spending of $286.4 billion in total state funds, consisting of approximately $213.1 billion from the General Fund, $65.3 billion from special funds, and $8 billion from bond funds.
In the fiscal year of 2020, the state of Louisiana had state debt totaling 16.75 billion U.S. dollars. The local government debt was slightly higher at 17.52 billion U.S. dollars.
