Published: June 07, 2023
By: Allison Allsop – LSU Manship School News Service
BATON ROUGE, La. — The House voted 85-19 Wednesday to raise the Legislature’s limit on spending to make use of much of the large pile of extra cash flowing into state coffers.
Senate Concurrent Resolution 3 would raise the expenditure limit for this fiscal year and next. This year, which ends June 30, would be increased by $250 million above the current limit. The 2023-2024 fiscal year’s expenditure limit would be raised by $1.4 billion.
The expenditure limit is a constitutionally imposed cap on spending. The limits are determined each year by the governor’s office of administration. Prior to the increase approved Wednesday, this year’s cap was at $15.9 billion and next year’s was $16.5 billion.
There has been debate all session between Republicans in the House and the Senate about whether to raise the spending cap.
This compromise move comes as the state is seeing an influx of cash, but this is not expected to last. Experts say the state is likely to face a shortfall in upcoming years.
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LSU Manship School Statehouse Bureau 