R
remaxrealtor
Guest
This benchmark shows the flow of funds coming out of Louisiana to Washington, the amount of funds remitted from Washington to Louisiana, and a ratio of the two. A ratio greater than $1.00 indicates that more federal funds are flowing into the state than contributions to the federal government flowing out of the state.
Federal Fiscal Year 2001 data indicate that, Louisiana is doing better than most states in the amount of money the federal government spends here compared to the amount we send to them. However, the reason Louisiana receives the relatively large amounts is our large population living in poverty. Much of this money goes to healthcare and social assistance programs.
Rationale: It is important that Louisiana get its fair share of federal funds; however, it is important for the state to focus on the types of federal funds coming into the state. Louisiana must focus on increasing funds for research and other expenditures that will help the state increase the number of quality jobs as well as the quality of life for all citizens and work to minimize the need for large amounts of federal funds for social and healthcare assistance.
Target: The target is to slowly decrease the amount of federal dollars coming into the state for healthcare and social assistance programs and at the same time increase federal dollars coming in for research, infrastructure, and other areas where federal funding might contribute to an increase in quality jobs. In short, Louisiana must focus on changing the mix of federal dollars coming into the state, while reducing its overall dependence on federal assistance.
Data Source: Federal Tax Burdens and Expenditures by State, Tax Foundation, Washington, DC (www.taxfoundation.org)
Any questions?
Federal Fiscal Year 2001 data indicate that, Louisiana is doing better than most states in the amount of money the federal government spends here compared to the amount we send to them. However, the reason Louisiana receives the relatively large amounts is our large population living in poverty. Much of this money goes to healthcare and social assistance programs.
Rationale: It is important that Louisiana get its fair share of federal funds; however, it is important for the state to focus on the types of federal funds coming into the state. Louisiana must focus on increasing funds for research and other expenditures that will help the state increase the number of quality jobs as well as the quality of life for all citizens and work to minimize the need for large amounts of federal funds for social and healthcare assistance.
Target: The target is to slowly decrease the amount of federal dollars coming into the state for healthcare and social assistance programs and at the same time increase federal dollars coming in for research, infrastructure, and other areas where federal funding might contribute to an increase in quality jobs. In short, Louisiana must focus on changing the mix of federal dollars coming into the state, while reducing its overall dependence on federal assistance.
Data Source: Federal Tax Burdens and Expenditures by State, Tax Foundation, Washington, DC (www.taxfoundation.org)
Any questions?