2018 Mid Year Report



2018 Mid Year Report

 

A Letter from C100 Chair Sonia PĂ©rez
 
Our State Government has been in tumultuous times grappling with a fiscal cliff that
won't go away until we fix the system that is the cause of the
budget issues we continually face. We've completed another
Special Session to meet our State funding obligations and this
underscores the reality that we must create certainty in our
budget both on the revenue and spending sides to grow our
economy.
 
The Committee of 100 for Economic Development, Inc. has
promoted comprehensive fiscal reform since 2015 and
supported the recommendations of the HCR11 Task Force on
Structural Changes in Budget and Tax Policy. These were guided
by the C100/Tax Foundation 2016 report to provide solutions on our structural deficit
that would create a revenue structure that is both stable and predictable for the
betterment of our economy.
 
As our state faces annual budget shortfalls, C100 continues to advocate for the
implementation of key recommendations of the legislatively created Task Force. We see
this as a substantial step forward in reforming and simplifying our tax code, replacing
temporary patchwork measures and broadening our tax base without increasing net
new tax revenue. Louisiana has the fifth lowest, per capita, tax burden in the United
States yet it has one of the ten most complex tax structures in the country. The
Committee of 100, has conducted a series of business roundtable discussions
throughout the state to engage business leaders seeking solutions to establish long-
term predictability and stability to our state budget and finances. C100 will continue to
support comprehensive reform now and into the future. As we approach the 2019
Legislative Session we intend to meet with legislators, stakeholders and partners
seeking a more stable budget through changes in our tax code and the State Budget.
We appreciate your continued support and encouragement as we take action to make a
difference..

 

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