Louisiana 2020 Regular Session

Louisiana House Bill HCR8

Introduced
3/9/20  
Introduced
3/9/20  
Refer
3/10/20  
Refer
3/10/20  
Report Pass
5/7/20  

Caption

Reduces the expenditure limit for FY 2020-2021 (EG SEE FISC NOTE GF EX See Note)

Impact

The legislation impacts state financial management by establishing a lower threshold for appropriations from the state general fund and dedicated funds. It aligns with constitutional provisions that prevent state spending from exceeding the designated expenditure limit without legislative approval. This restriction also implies that any surplus funds beyond this limit shall be deposited into the Budget Stabilization Fund, which manages state reserves and ensures fiscal responsibility.

Summary

House Concurrent Resolution 8 (HCR8) addresses budgetary control in Louisiana by directing the commissioner of administration to reduce the expenditure limit for the Fiscal Year 2020-2021. Originally set at $14,353,474,249, the resolution lowers this limit to $13,302,068,317. The change requires a favorable vote of two-thirds of the elected members of both houses of the Louisiana Legislature, reflecting the importance of legislative oversight on state expenditures as outlined in the state's constitution.

Sentiment

General sentiment around HCR8 is pragmatic, with lawmakers recognizing the necessity of maintaining fiscal discipline amidst anticipated budgetary constraints. Supporters argue that the bill enshrines accountability and encourages prudent financial practices, especially in times of economic uncertainty. Conversely, detractors may express concerns about potential impacts on state services and programs that could result from reduced funding authority.

Contention

While overall support for the resolution appears strong, potential contention may arise around its implications for state-funded programs. Some critics may warn that a lower expenditure limit could hinder crucial services, especially in areas like education and health care. This highlights the balancing act faced by legislators—ensuring sufficient funding to support essential services while adhering to responsible budgeting principles.

Companion Bills

No companion bills found.

Previously Filed As

LA HCR2

Reduces the expenditure limit for FY 2018-2019 (Item #12) (EG SEE FISC NOTE GF EX See Note)

LA HCR2

Reduces the expenditure limit for FY 2018-2019 (OR SEE FISC NOTE GF EX See Note)

LA HCR5

Reduces the expenditure limit for FY 2018-2019 (EN SEE FISC NOTE GF EX See Note)

LA HCR3

Reduces the expenditure limit for Fiscal Year 2016-2017 (EG SEE FISC NOTE GF EX See Note)

LA HCR4

Reduces the expenditure limit for FY 2017-2018 (OR SEE FISC NOTE GF EX See Note)

LA HCR139

Provides for the expenditure limit for FY 2024-2025 (EG SEE FISC NOTE)

LA HCR112

Reduces the expenditure limit for FY 2015-2016 (OR SEE FISC NOTE EX See Note)

LA HCR143

Provides for the expenditure limit for FY 2024-2025 (OR SEE FISC NOTE)

LA HCR22

Reduces the expenditure limit for Fiscal Year 2011-2012 (EG SEE FISC NOTE EX See Note)

LA SCR3

Provides for the expenditure limit for Fiscal Year 2022-2023 and Fiscal Year 2023-2024. (2/3-CA7s10) (EN SEE FISC NOTE)

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