HLS 23RS-3625 ENGROSSED
2023 Regular Session
HOUSE CONCURRENT RESOL UTION NO. 139
BY REPRESENTATIVE IVEY
BUDGETARY CONTROL S: Provides for the expenditure limit for FY 2024-2025
1 A CONCURRENT RESOL UTION
2To direct the commissioner of administration to change the expenditure limit for Fiscal Year
3 2024-2025.
4 WHEREAS, the expenditure limit established in January of this year for Fiscal Year
52023-2024 is Sixteen Billion Four Hundred Ninety-Seven Million Seven Hundred Twenty-
6One Thousand Two Hundred Fifty-Two Dollars ($16,497,721,252.00); and
7 WHEREAS, to accommodate unprecedented revenue receipts the legislature is
8debating increasing the expenditure limits for Fiscal Years 2022-2023 and 2023-2024
9pursuant to the power granted in Article VII, Section 10(C) of the Constitution of Louisiana;
10and
11 WHEREAS, the Constitution of Louisiana further provides that each year the
12expenditure limit for the next fiscal year is calculated using the prior year's limit as the base
13and applying a positive growth factor to such base; and
14 WHEREAS, this constitutional formula applies any new, higher expenditure limit
15set by the legislature for Fiscal Year 2023-2024 as the base for the calculation of the Fiscal
16Year 2024-2025 expenditure limit, thereby perpetuating the impact of this unexpected
17financial windfall; and
18 WHEREAS, to prevent artificial inflation of the expenditure limit for Fiscal Year
192024-2025, the limit for that year should be reduced to an amount in line with the originally
20calculated expenditure limit for Fiscal Year 2023-2024 adjusted by recent average
21percentage growth in personal income; and
Page 1 of 2 HLS 23RS-3625 ENGROSSED
HCR NO. 139
1 WHEREAS, the most recent growth factors used to calculate the last three
2expenditure limits are 3.83% for Fiscal Year 2023-2024, 5.78% for Fiscal Year 2022-2023,
3and 4.66% for Fiscal Year 2021-2022 and applying the mathematical average of such rates
4to the original Fiscal Year 2023-2024 expenditure limit yields a projected limit of Seventeen
5Billion Two Hundred Eighty-Two Million Four Hundred Sixty-Two Thousand Eight
6Hundred Sixty Dollars ($17,282,462,860.00); and
7 WHEREAS, R.S. 39:52.1 of the Louisiana Revised Statutes of 1950 provides that
8a change to the expenditure limit shall be made pursuant to a concurrent resolution adopted
9by a favorable vote of two-thirds of the elected members of each house directing the
10commissioner of administration to change the expenditure limit to a designated amount for
11a specified fiscal year.
12 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana, two-thirds of
13the elected members of each house concurring, does hereby direct the commissioner of
14administration to change the expenditure limit for Fiscal Year 2024-2025 to Seventeen
15Billion Two Hundred Eighty-Two Million Four Hundred Sixty-Two Thousand Eight
16Hundred Sixty Dollars ($17,282,462,860.00).
17 BE IT FURTHER RESOLVED that the provisions of this Resolution shall become
18effective March 1, 2024.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HCR 139 Engrossed 2023 Regular Session Ivey
Effective March 1, 2024, directs the commissioner of administration to change the
expenditure limit for Fiscal Year 2024-2025 to $17,282,462,860.
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