Proposed Budget - Fiscal Year 2024
On February 17, Louisiana Governor John Bel Edwards released his proposed FY 2024 budget. The budget totals $45.7 billion, a decrease of 1.4 percent from the existing operating budget for fiscal 2023. The general fund portion of the budget totals $11.4 billion, an increase of 3.6 percent from the existing budget for fiscal 2023. Total revenue for fiscal 2024 is projected at $45.7 billion which is a decrease of 1.4 percent from the total revenue for the existing budget for fiscal 2023. The Budget Stabilization Fund is projected to have a balance of $903 million at the start of fiscal 2024. The state general fund is broken down into the following spending categories: Department of Education (37 percent), Department of Health (25 percent), Other State General Fund Agencies, Legislative, and Judicial Branches of Government (12 percent), Higher Education (percent), Corrections Services (5 percent), Non-Appropriated Requirements (5 percent), and Other Requirements (5 percent). .