State surpluses likely to continue

Louisiana State Surpluses Since Fiscal Year 2004. (Source: Revenue Estimating Conference, PAR data.)
Louisiana State Surpluses Since Fiscal Year 2004. (Source: Revenue Estimating Conference, PAR data.)

PAR Snapshots provide information on trending topics in Louisiana. Unlike PAR commentaries, snapshots do not offer recommendations. Louisiana has enjoyed repeated state surpluses for the last seven years, and the latest calculations estimate lawmakers will see that trend continue another year. A surplus occurs when a state’s revenue collections exceed its spending within a budget year. Louisiana e…