Budget & Taxes (State Budget)

HB 312 allocates $144 million in supplemental funding from the 2024-2025 state budget surplus to pay down existing pension obligations for Louisiana's state retirement systems. It directly affects retirees covered by the Louisiana School Employees' Retirement System, Louisiana State Police Retirement System, Louisiana State Employees' Retirement System, and Teachers' Retirement System. The bill uses specific dollar amounts ($4.8M, $1.8M, $60M, and $77.7M respectively) to cover unpaid pension liabilities for Fiscal Year 2025-2026, drawing solely from the state's surplus funds without new taxes or fees. This is a routine budget adjustment to fulfill existing financial commitments, not a new policy change.

HB 252 redirects 100% of severance tax revenue from small-volume oil and gas wells (known as "stripper wells") in Louisiana's Caddo Pine Island Field to the Oilfield Site Restoration Fund, instead of depositing it into the state general fund. This dedicated funding stream will specifically support oilfield site restoration and plugging orphan wells within the Caddo Pine Island Field. The bill modifies existing law to ensure these tax revenues - collected from producers in that specific field - are exclusively used for cleanup and restoration work there. It does not create new taxes or fees but changes the allocation of existing revenue.

HB 646 is a proposed constitutional amendment that would establish a spending limit for Louisiana's state general fund. It requires the legislature to set an annual limit based on Louisiana's personal income growth rate, with a new "Government Growth Limit" starting in 2027-2028 restricting how much recurring revenue can fund ongoing expenses. The amendment must be approved by voters in the November 2026 election to take effect.

HB 383 establishes and manages special "ancillary funds" (like internal service or enterprise funds) for Louisiana state agencies to cover operational costs of services they provide to other state departments, such as IT support or employee benefits. It appropriates $2.17 billion for Fiscal Year 2026-2027, primarily funded by fees and self-generated revenues (e.g., $2.17B for the Office of Group Benefits covering state employee health insurance). Agencies must return unspent funds by August 14, 2027, if not renewed, and larger agencies must implement internal audit oversight. This bill directly affects state agencies managing internal services, not the public, by standardizing how they finance and account for these operational costs.